277 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 277 shares of the construction company’s stock, valued at approximately $126,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of EMCOR Group during the 4th quarter valued at $299,855,000. World Investment Advisors LLC purchased a new stake in EMCOR Group during the third quarter valued at about $100,282,000. Nordea Investment Management AB lifted its stake in EMCOR Group by 2,246.2% during the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after purchasing an additional 136,501 shares during the last quarter. Swedbank AB boosted its holdings 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 purchasing an additional 122,716 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of EMCOR Group by 81.6% during the 4th quarter. American Century Companies Inc. now owns 213,947 shares of the construction company’s stock valued at $97,111,000 after purchasing an additional 96,108 shares during the last quarter. 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 the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 27,642 shares of the company’s stock, valued at $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EME. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $371.22 on Monday. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The business’s 50 day simple moving average is $424.19 and its two-hundred day simple moving average is $451.81. The stock has a market capitalization of $16.88 billion, a P/E ratio of 18.85 and a beta of 1.14.

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 net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.77 billion for 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 approved a share repurchase plan on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

EMCOR Group Announces Dividend

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