DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Buys 1,638 Shares of EMCOR Group, Inc. (NYSE:EME)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 301.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,182 shares of the construction company’s stock after buying an additional 1,638 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in EMCOR Group were worth $990,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EME. Invesco Ltd. raised its position in EMCOR Group by 28.0% in the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company’s stock valued at $598,465,000 after purchasing an additional 288,765 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of EMCOR Group by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company’s stock valued at $463,320,000 after buying an additional 25,502 shares during the period. Norges Bank bought a new position in EMCOR Group in the 4th quarter valued at approximately $299,855,000. Northern Trust Corp boosted its position in EMCOR Group by 22.9% during the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company’s stock worth $250,046,000 after buying an additional 102,738 shares during the period. Finally, First Trust Advisors LP grew its holdings in EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company’s stock worth $225,332,000 after acquiring an additional 129,186 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 firm’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 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 trade 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 this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,197 shares of company stock valued at $3,905,748 over the last 90 days. Company insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $494.50.

EMCOR Group Stock Performance

EMCOR Group stock opened at $439.21 on Monday. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 22.31 and a beta of 1.18. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The firm has a 50 day moving average price of $389.79 and a two-hundred day moving average price of $442.15.

EMCOR Group (NYSE:EME) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.57 by $0.84. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.17 earnings per share. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. EMCOR Group’s payout ratio is 4.42%.

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.