EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC increased its stake in EMCOR Group, Inc. (NYSE:EME) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,686 shares of the construction company’s stock after acquiring an additional 1,759 shares during the period. Vident Advisory LLC’s holdings in EMCOR Group were worth $5,758,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EME. Merit Financial Group LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $971,000. Arkadios Wealth Advisors raised its stake in shares of EMCOR Group by 26.8% in the fourth quarter. Arkadios Wealth Advisors now owns 800 shares of the construction company’s stock valued at $363,000 after acquiring an additional 169 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $439,000. Moss Adams Wealth Advisors LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at $203,000. Finally, UMB Bank n.a. raised its stake in shares of EMCOR Group by 9.4% in the fourth quarter. UMB Bank n.a. now owns 1,139 shares of the construction company’s stock valued at $517,000 after acquiring an additional 98 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Anthony Guzzi sold 7,000 shares of the 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 completion of the sale, the chief executive officer now owns 208,989 shares in the company, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares of the company’s stock, valued at $10,229,474.94. This trade represents a 4.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,197 shares of company stock valued at $3,905,748. 0.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

EMCOR Group Price Performance

NYSE:EME opened at $469.62 on Tuesday. The firm has a market capitalization of $21.02 billion, a PE ratio of 23.85 and a beta of 1.18. The business’s fifty day moving average price is $400.62 and its 200 day moving average price is $443.36. 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 earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate of $4.57 by $0.84. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. EMCOR Group’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.17 earnings per share. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its Board of Directors has authorized a stock repurchase program 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 programs are usually a sign that the company’s board believes its shares are undervalued.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. EMCOR Group’s payout ratio is 4.42%.

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.