3,213 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,213 shares of the construction company’s stock, valued at approximately $1,459,000.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of EMCOR Group by 6.9% during the third quarter. Janney Montgomery Scott LLC now owns 7,844 shares of the construction company’s stock worth $3,377,000 after purchasing an additional 508 shares during the period. Harbor Capital Advisors Inc. bought a new position in EMCOR Group during the 3rd quarter valued at approximately $62,000. Van ECK Associates Corp lifted its holdings in EMCOR Group by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 9,401 shares of the construction company’s stock worth $4,189,000 after buying an additional 932 shares during the period. QRG Capital Management Inc. grew its position in shares of EMCOR Group by 63.4% in the 3rd quarter. QRG Capital Management Inc. now owns 2,947 shares of the construction company’s stock worth $1,269,000 after buying an additional 1,144 shares during the last quarter. Finally, Forte Capital LLC ADV increased its stake in shares of EMCOR Group by 23.3% during the third quarter. Forte Capital LLC ADV now owns 1,095 shares of the construction company’s stock valued at $471,000 after buying an additional 207 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stifel Nicolaus dropped their price target on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. Finally, Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and an average target price of $497.25.

EMCOR Group Trading Up 0.3 %

Shares of EME stock opened at $376.10 on Friday. The company’s fifty day moving average price is $450.59 and its 200-day moving average price is $449.18. The stock has a market cap of $17.10 billion, a PE ratio of 19.10 and a beta of 1.14. EMCOR Group, Inc. has a 12 month low of $313.48 and a 12 month high of $545.29.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping the consensus estimate of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its board has approved a stock buyback program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.64%.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.