Assetmark Inc. Acquires 405 Shares of EMCOR Group, Inc. (NYSE:EME)

Assetmark Inc. boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,123 shares of the construction company’s stock after acquiring an additional 405 shares during the period. Assetmark Inc.’s holdings in EMCOR Group were worth $3,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EME. Perigon Wealth Management LLC grew its holdings in 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 buying an additional 19 shares in the last quarter. Adirondack Trust Co. grew its holdings in EMCOR Group by 5.0% in the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after buying an additional 20 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in EMCOR Group by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after buying an additional 21 shares in the last quarter. Caprock Group LLC grew its holdings in EMCOR Group by 0.4% in the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after buying an additional 22 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings 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 in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on EME shares. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. 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 assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Finally, Stifel Nicolaus reduced their target price on EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average price target of $497.25.

EMCOR Group Stock Up 0.3 %

NYSE:EME opened at $376.10 on Monday. The stock’s 50-day simple moving average is $450.59 and its 200 day simple moving average is $450.29. The firm has a market capitalization of $17.10 billion, a PE ratio of 19.10 and a beta of 1.14. EMCOR Group, Inc. has a twelve month low of $313.48 and a twelve month high of $545.29.

EMCOR Group (NYSE:EME) last posted its 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. The firm had revenue of $3.77 billion during 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%. On average, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

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

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. EMCOR Group’s dividend payout ratio (DPR) is 4.64%.

EMCOR Group 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.