EMCOR Group, Inc. (NYSE:EME) Stake Increased by Barclays PLC

Barclays PLC boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 108.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,396 shares of the construction company’s stock after acquiring an additional 56,477 shares during the period. Barclays PLC’s holdings in EMCOR Group were worth $49,201,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EME. Optimize Financial Inc acquired a new stake in shares of EMCOR Group in the 4th quarter valued at about $265,000. Qtron Investments LLC raised its stake in EMCOR Group by 2.0% during the fourth quarter. Qtron Investments LLC now owns 2,192 shares of the construction company’s stock valued at $995,000 after buying an additional 44 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its holdings in EMCOR Group by 19.4% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 7,575 shares of the construction company’s stock worth $3,438,000 after buying an additional 1,231 shares during the last quarter. Petros Family Wealth LLC acquired a new position in shares of EMCOR Group in the 4th quarter worth approximately $302,000. Finally, Sterling Capital Management LLC increased its holdings in shares of EMCOR Group by 26.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,796 shares of the construction company’s stock valued at $1,723,000 after acquiring an additional 790 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on EME shares. 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 cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.25.

EMCOR Group Trading Down 1.0 %

Shares of EMCOR Group stock opened at $378.61 on Friday. The stock has a market capitalization of $17.22 billion, a price-to-earnings ratio of 19.23 and a beta of 1.08. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The business’s 50 day simple moving average is $391.76 and its 200-day simple moving average is $445.92.

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

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, April 17th. EMCOR Group’s dividend payout ratio (DPR) is 4.64%.

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

Insider Buying and Selling at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the transaction, the chief accounting officer now owns 27,642 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. 1.26% of the stock is owned by company insiders.

EMCOR Group 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.