7,424 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, Holdings Channel reports. The fund bought 7,424 shares of the construction company’s stock, valued at approximately $3,370,000.

Several other hedge funds have also recently added to or reduced their stakes in EME. Cerity Partners LLC raised its position in shares of EMCOR Group by 142.1% in the 3rd quarter. Cerity Partners LLC now owns 12,641 shares of the construction company’s stock valued at $5,442,000 after acquiring an additional 7,419 shares during the period. Private Trust Co. NA increased its stake in EMCOR Group by 153.6% in the third quarter. Private Trust Co. NA now owns 246 shares of the construction company’s stock valued at $106,000 after purchasing an additional 149 shares in the last quarter. Bank of Montreal Can raised its holdings in EMCOR Group by 0.7% in the third quarter. Bank of Montreal Can now owns 12,261 shares of the construction company’s stock worth $5,237,000 after purchasing an additional 82 shares during the period. D.A. Davidson & CO. boosted its position in shares of EMCOR Group by 3.1% during the third quarter. D.A. Davidson & CO. now owns 4,545 shares of the construction company’s stock worth $1,957,000 after purchasing an additional 135 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of EMCOR Group by 2.8% during the third quarter. BNP Paribas Financial Markets now owns 92,374 shares of the construction company’s stock worth $39,770,000 after purchasing an additional 2,552 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EME. Stifel Nicolaus lowered their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average price target of $497.25.

EMCOR Group Trading Down 2.1 %

EME opened at $371.22 on Friday. The stock has a market capitalization of $16.88 billion, a P/E ratio of 18.85 and a beta of 1.14. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The firm’s fifty day simple moving average is $424.19 and its 200 day simple moving average is $450.79.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $0.79. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

EMCOR Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Company Profile

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.