Sei Investments Co. Sells 18,711 Shares of EMCOR Group, Inc. (NYSE:EME)

Sei Investments Co. lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,855 shares of the construction company’s stock after selling 18,711 shares during the quarter. Sei Investments Co. owned 0.20% of EMCOR Group worth $42,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EME. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in EMCOR Group during the third quarter worth about $503,000. Great Valley Advisor Group Inc. grew its position in shares of EMCOR Group by 83.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 6,131 shares of the construction company’s stock valued at $2,640,000 after acquiring an additional 2,781 shares during the period. Cerity Partners LLC increased its stake in shares of EMCOR Group by 142.1% during the 3rd quarter. Cerity Partners LLC now owns 12,641 shares of the construction company’s stock worth $5,442,000 after purchasing an additional 7,419 shares during the last quarter. Algert Global LLC raised its holdings in shares of EMCOR Group by 848.0% in the 3rd quarter. Algert Global LLC now owns 11,585 shares of the construction company’s stock worth $4,988,000 after purchasing an additional 10,363 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in EMCOR Group by 2,088.9% in the third quarter. Penserra Capital Management LLC now owns 4,728 shares of the construction company’s stock valued at $2,034,000 after purchasing an additional 4,512 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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 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 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 the SEC website. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on EME shares. 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 lowered 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Price Performance

EMCOR Group stock opened at $413.64 on Tuesday. The firm has a market capitalization of $18.81 billion, a P/E ratio of 21.01 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The business has a fifty day moving average price of $433.40 and a 200-day moving average price of $451.24.

EMCOR Group (NYSE:EME) last issued its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS 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 business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.64%.

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.