EMCOR Group, Inc. (NYSE:EME) Stock Holdings Trimmed by Amundi

Amundi reduced its position in EMCOR Group, Inc. (NYSE:EME) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,315 shares of the construction company’s stock after selling 8,628 shares during the quarter. Amundi’s holdings in EMCOR Group were worth $61,060,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Koshinski Asset Management Inc. increased its holdings in EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $298,000 after buying an additional 26 shares during the last quarter. Cumberland Partners Ltd increased its holdings in EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after buying an additional 1,500 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of EMCOR Group by 3,510.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock valued at $311,000 after purchasing an additional 667 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of EMCOR Group by 25.0% during the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock valued at $2,261,000 after purchasing an additional 1,049 shares during the last quarter. Finally, PFW Advisors LLC bought a new position in shares of EMCOR Group during the fourth quarter valued at approximately $689,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EME. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. The Goldman Sachs Group began coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. Finally, Stifel Nicolaus lowered their target price on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Price Performance

Shares of EME stock opened at $373.47 on Wednesday. EMCOR Group, Inc. has a 12-month low of $314.75 and a 12-month high of $545.30. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 18.97 and a beta of 1.14. The business has a 50 day simple moving average of $447.07 and a 200 day simple moving average of $450.14.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is 4.64%.

EMCOR Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.