Dimensional Fund Advisors LP Has $179.79 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Dimensional Fund Advisors LP trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 396,066 shares of the construction company’s stock after selling 58,967 shares during the period. Dimensional Fund Advisors LP’s holdings in EMCOR Group were worth $179,789,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EME. Ecofi Investissements SA bought a new position in shares of EMCOR Group during the fourth quarter worth about $3,575,000. Epoch Investment Partners Inc. increased its position in EMCOR Group by 4.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 228,173 shares of the construction company’s stock valued at $103,568,000 after purchasing an additional 10,372 shares during the period. First Trust Advisors LP raised its holdings in EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company’s stock worth $225,332,000 after purchasing an additional 129,186 shares during the last quarter. Freedom Investment Management Inc. lifted its position in shares of EMCOR Group by 5.0% in the 4th quarter. Freedom Investment Management Inc. now owns 2,604 shares of the construction company’s stock worth $1,182,000 after purchasing an additional 124 shares during the period. Finally, GeoWealth Management LLC boosted its stake in shares of EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company’s stock valued at $115,000 after purchasing an additional 28 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the transaction, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus lowered 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 research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Stock Up 2.9 %

NYSE:EME opened at $384.20 on Thursday. The firm has a market capitalization of $17.47 billion, a P/E ratio of 19.51 and a beta of 1.08. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The company has a fifty day moving average of $387.08 and a 200-day moving average of $444.36.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. 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 authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.26%. EMCOR Group’s payout ratio is currently 4.64%.

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.