Envestnet Portfolio Solutions Inc. Has $1.67 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Envestnet Portfolio Solutions Inc. cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 18.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,689 shares of the construction company’s stock after selling 813 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in EMCOR Group were worth $1,674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Koshinski Asset Management Inc. boosted its holdings in shares of EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $298,000 after buying an additional 26 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in EMCOR Group by 3,510.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock valued at $311,000 after acquiring an additional 667 shares during the last quarter. Independent Advisor Alliance grew its position in shares of EMCOR Group by 25.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock valued at $2,261,000 after acquiring an additional 1,049 shares during the period. PFW Advisors LLC acquired a new position in shares of EMCOR Group during the 4th quarter worth about $689,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of EMCOR Group by 46.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company’s stock valued at $28,874,000 after purchasing an additional 21,385 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 1.1 %

EMCOR Group stock opened at $395.11 on Friday. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 20.07 and a beta of 1.14. The stock’s 50 day moving average is $434.48 and its 200-day moving average is $449.53. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data 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. 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%. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

EMCOR Group Announces Dividend

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

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Northcoast Research initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus dropped 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. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus target price of $497.25.

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.