denkapparat Operations GmbH Purchases New Stake in EMCOR Group, Inc. (NYSE:EME)

denkapparat Operations GmbH purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,006 shares of the construction company’s stock, valued at approximately $457,000.

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

EMCOR Group Price Performance

EMCOR Group stock opened at $379.23 on Friday. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The stock’s 50 day moving average is $426.90 and its 200 day moving average is $450.74. The firm has a market cap of $17.24 billion, a P/E ratio of 19.26 and a beta of 1.14.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (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. Equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.26%. EMCOR Group’s payout ratio is 4.64%.

EMCOR Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

EME has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $497.25.

Insider Buying and Selling

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the transaction, the chief accounting officer now directly owns 27,642 shares in the company, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.