EMCOR Group, Inc. (NYSE:EME) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,605 shares of the construction company’s stock after buying an additional 7,386 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.16% of EMCOR Group worth $33,409,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Continuum Advisory LLC lifted its holdings in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock valued at $38,000 after purchasing an additional 29 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $45,000. SJS Investment Consulting Inc. boosted its position in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after buying an additional 94 shares during the period. True Wealth Design LLC boosted its holdings in EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company’s stock valued at $60,000 after acquiring an additional 26 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after purchasing an additional 25 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EME. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus decreased 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. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $494.50.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm’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 transaction, the chief executive officer now directly owns 208,989 shares of the company’s stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director now directly owns 7,094 shares of the company’s stock, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,197 shares of company stock valued at $3,905,748 over the last ninety days. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Performance

EME opened at $472.80 on Wednesday. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The company has a market cap of $21.16 billion, a P/E ratio of 24.01 and a beta of 1.18. The business’s 50-day simple moving average is $400.62 and its 200-day simple moving average is $443.36.

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. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.17 earnings per share. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared 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 yield of 0.21%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.42%.

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

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.