EMCOR Group, Inc. (NYSE:EME) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in EMCOR Group, Inc. (NYSE:EME) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,451 shares of the construction company’s stock after selling 1,464 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.27% of EMCOR Group worth $56,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its position in shares of EMCOR Group by 42.1% during the 4th quarter. Wedbush Securities Inc. now owns 1,562 shares of the construction company’s stock worth $709,000 after purchasing an additional 463 shares during the last quarter. Aviva PLC raised its stake in EMCOR Group by 438.1% in the fourth quarter. Aviva PLC now owns 27,589 shares of the construction company’s stock valued at $12,523,000 after buying an additional 22,462 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in EMCOR Group during the 4th quarter worth about $6,398,000. Landscape Capital Management L.L.C. boosted its position in shares of EMCOR Group by 93.2% during the 4th quarter. Landscape Capital Management L.L.C. now owns 2,622 shares of the construction company’s stock worth $1,190,000 after acquiring an additional 1,265 shares in the last quarter. Finally, PAX Financial Group LLC increased its holdings in shares of EMCOR Group by 24.2% in the 4th quarter. PAX Financial Group LLC now owns 735 shares of the construction company’s stock valued at $334,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Activity at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company’s stock, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is currently owned by insiders.

EMCOR Group Stock Down 3.6 %

EME opened at $341.76 on Monday. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30. The business’s 50 day moving average is $408.04 and its two-hundred day moving average is $450.55. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 17.36 and a beta of 1.08.

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

EMCOR Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EME. Stifel Nicolaus lowered their price target on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.