Snowden Capital Advisors LLC Raises Position in EMCOR Group, Inc. (NYSE:EME)

Snowden Capital Advisors LLC grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 4.5% in the fourth quarter, HoldingsChannel reports. The fund owned 1,832 shares of the construction company’s stock after purchasing an additional 79 shares during the quarter. Snowden Capital Advisors LLC’s holdings in EMCOR Group were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in EMCOR Group during the fourth quarter valued at about $45,000. SJS Investment Consulting Inc. lifted its position in shares of EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after buying an additional 25 shares in the last quarter. Altshuler Shaham Ltd grew its stake in shares of EMCOR Group by 2,063.6% during the 4th quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company’s stock valued at $108,000 after acquiring an additional 227 shares during the period. Finally, GeoWealth Management LLC increased its holdings in EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company’s stock worth $115,000 after acquiring an additional 28 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 947 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director now directly owns 7,094 shares of the company’s stock, valued at approximately $2,928,616.02. This trade represents a 11.78% 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 on 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 sale, the chief executive officer now directly owns 208,989 shares in the company, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,197 shares of company stock worth $3,905,748. Corporate insiders own 0.83% of the company’s stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $469.62 on Tuesday. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The firm’s 50 day moving average price is $400.62 and its 200-day moving average price is $443.36. The stock has a market cap of $21.02 billion, a P/E ratio of 23.85 and a beta of 1.18.

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

EMCOR Group announced that its board 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 repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio is currently 4.42%.

Wall Street Analyst Weigh In

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

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.