Orion Portfolio Solutions LLC Sells 281 Shares of EMCOR Group, Inc. (NYSE:EME)

Orion Portfolio Solutions LLC trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,994 shares of the construction company’s stock after selling 281 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in EMCOR Group were worth $4,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EME. Private Trust Co. NA increased its stake in 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 buying an additional 149 shares during the period. Bank of Montreal Can increased its position in shares of EMCOR Group by 0.7% during the third quarter. Bank of Montreal Can now owns 12,261 shares of the construction company’s stock worth $5,237,000 after acquiring an additional 82 shares during the period. D.A. Davidson & CO. raised its stake 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 valued at $1,957,000 after acquiring an additional 135 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of EMCOR Group by 243.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,479 shares of the construction company’s stock valued at $20,441,000 after purchasing an additional 33,648 shares during the period. Finally, Fiduciary Trust Co bought a new position in EMCOR Group in the third quarter worth approximately $235,000. 92.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the transaction, the chief accounting officer now directly owns 27,642 shares of the company’s stock, 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 the SEC website. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Stock Down 2.1 %

EMCOR Group stock opened at $371.22 on Friday. The firm has a market cap of $16.88 billion, a P/E ratio of 18.85 and a beta of 1.14. The business has a fifty day moving average of $424.19 and a two-hundred day moving average of $451.35. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30.

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

EMCOR Group announced that its board has authorized a share buyback program on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

EMCOR Group Dividend Announcement

The company 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 was Thursday, January 16th. EMCOR Group’s payout ratio is currently 4.64%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EME. Stifel Nicolaus decreased their target price on 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 downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and an average target price of $497.25.

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.