Jackson Creek Investment Advisors LLC Sells 92 Shares of EMCOR Group, Inc. (NYSE:EME)

Jackson Creek Investment Advisors LLC lowered its position in EMCOR Group, Inc. (NYSE:EME) by 13.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 617 shares of the construction company’s stock after selling 92 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in EMCOR Group were worth $280,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EME. World Investment Advisors LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $100,282,000. Nordea Investment Management AB grew its stake in shares of EMCOR Group by 2,246.2% in the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after buying an additional 136,501 shares during the last quarter. Swedbank AB grew its stake in shares of EMCOR Group by 399.4% in the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock worth $69,648,000 after buying an additional 122,716 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of EMCOR Group in the 4th quarter worth approximately $42,380,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of EMCOR Group by 45.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock worth $121,871,000 after buying an additional 88,074 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

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

EMCOR Group Price Performance

NYSE EME opened at $376.10 on Friday. The business’s fifty day moving average price is $450.59 and its 200-day moving average price is $449.75. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 19.10 and a beta of 1.14. EMCOR Group, Inc. has a 1-year low of $313.48 and a 1-year high of $545.29.

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

EMCOR Group declared that its Board of Directors has approved a share 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 generally an indication that the company’s board believes its shares are undervalued.

EMCOR Group Announces Dividend

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