Landscape Capital Management L.L.C. Has $1.19 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Landscape Capital Management L.L.C. boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 93.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,622 shares of the construction company’s stock after buying an additional 1,265 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in EMCOR Group were worth $1,190,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EME. Perigon Wealth Management LLC raised its stake in shares of EMCOR Group by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after acquiring an additional 19 shares in the last quarter. Adirondack Trust Co. raised its position in shares of EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after purchasing an additional 20 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after buying an additional 21 shares during the last quarter. Petra Financial Advisors Inc. boosted its holdings in shares of EMCOR Group by 1.4% during the 4th quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company’s stock worth $789,000 after buying an additional 24 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in EMCOR Group by 14.4% in 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 during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Insider Activity at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the business’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 sale, the chief accounting officer now owns 27,642 shares of the company’s stock, valued at $10,229,474.94. The trade was a 4.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Price Performance

NYSE EME opened at $341.76 on Friday. The company’s fifty day moving average is $408.04 and its two-hundred day moving average is $450.26. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 17.36 and a beta of 1.14. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $0.79. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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 cut 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 assigned a buy rating to the company. According to data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and an average 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.