TD Asset Management Inc. Has $106.14 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

TD Asset Management Inc. decreased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 6.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 233,831 shares of the construction company’s stock after selling 15,317 shares during the quarter. TD Asset Management Inc.’s holdings in EMCOR Group were worth $106,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of EMCOR Group by 142.1% during the 3rd quarter. Cerity Partners LLC now owns 12,641 shares of the construction company’s stock worth $5,442,000 after purchasing an additional 7,419 shares in the last quarter. Penserra Capital Management LLC lifted its position in EMCOR Group by 2,088.9% during the third quarter. Penserra Capital Management LLC now owns 4,728 shares of the construction company’s stock worth $2,034,000 after purchasing an additional 4,512 shares during the period. Swedbank AB grew its stake in EMCOR Group by 27.7% during the third quarter. Swedbank AB now owns 30,727 shares of the construction company’s stock worth $13,229,000 after buying an additional 6,664 shares in the last quarter. Independent Advisor Alliance increased its holdings in EMCOR Group by 25.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock valued at $2,261,000 after buying an additional 1,049 shares during the period. Finally, DRW Securities LLC raised its position in shares of EMCOR Group by 21.4% in the 3rd quarter. DRW Securities LLC now owns 3,643 shares of the construction company’s stock valued at $1,568,000 after buying an additional 643 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Activity

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the transaction, the chief accounting officer now directly owns 27,642 shares of the company’s stock, valued at $10,229,474.94. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME opened at $411.65 on Wednesday. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30. The stock has a market capitalization of $18.72 billion, a price-to-earnings ratio of 20.91 and a beta of 1.14. The stock has a fifty day moving average of $431.76 and a 200-day moving average of $451.66.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

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

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. EMCOR Group’s payout ratio is 4.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $497.25.

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.