Boston Partners Sells 1,097 Shares of EMCOR Group, Inc. (NYSE:EME)

Boston Partners trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,937 shares of the construction company’s stock after selling 1,097 shares during the quarter. Boston Partners’ holdings in EMCOR Group were worth $23,602,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Intech Investment Management LLC raised its stake in shares of EMCOR Group by 65.2% in the 4th quarter. Intech Investment Management LLC now owns 115,293 shares of the construction company’s stock valued at $52,331,000 after acquiring an additional 45,484 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in EMCOR Group during the fourth quarter valued at approximately $2,948,000. Advisors Asset Management Inc. raised its position in shares of EMCOR Group by 3.5% in the fourth quarter. Advisors Asset Management Inc. now owns 29,494 shares of the construction company’s stock valued at $13,387,000 after purchasing an additional 988 shares during the period. Petra Financial Advisors Inc. lifted its stake in shares of EMCOR Group by 1.4% in the fourth 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 last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of EMCOR Group by 4.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,601 shares of the construction company’s stock worth $727,000 after buying an additional 68 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm’s stock in a transaction 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 $10,229,474.94. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

EMCOR Group Trading Up 0.4 %

Shares of EME stock opened at $400.31 on Friday. The company has a market capitalization of $18.20 billion, a P/E ratio of 20.33 and a beta of 1.14. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The stock has a 50 day moving average of $435.92 and a two-hundred day moving average of $449.51.

EMCOR Group (NYSE:EME) last posted its quarterly 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. 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 for the quarter, compared to the consensus estimate of $3.81 billion. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio 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.