Cynosure Group LLC Lowers Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Cynosure Group LLC cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 649 shares of the construction company’s stock after selling 208 shares during the quarter. Cynosure Group LLC’s holdings in EMCOR Group were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Walleye Capital LLC raised its position in EMCOR Group by 140.0% during the 3rd quarter. Walleye Capital LLC now owns 4,407 shares of the construction company’s stock valued at $1,897,000 after purchasing an additional 2,571 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of EMCOR Group by 14.2% during the third quarter. Captrust Financial Advisors now owns 5,670 shares of the construction company’s stock valued at $2,441,000 after buying an additional 703 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of EMCOR Group by 168.1% in the third quarter. Benjamin Edwards Inc. now owns 2,898 shares of the construction company’s stock valued at $1,248,000 after acquiring an additional 1,817 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in EMCOR Group by 122.4% in the third quarter. Hilltop Holdings Inc. now owns 1,488 shares of the construction company’s stock worth $640,000 after acquiring an additional 819 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in EMCOR Group by 236.3% during the 3rd quarter. Janus Henderson Group PLC now owns 3,363 shares of the construction company’s stock worth $1,448,000 after acquiring an additional 2,363 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the transaction, the chief accounting officer now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Stifel Nicolaus reduced their price target on shares of 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 lowered 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.25.

EMCOR Group Price Performance

EME opened at $354.62 on Friday. The firm has a market capitalization of $16.13 billion, a PE ratio of 18.01 and a beta of 1.14. The business’s 50-day moving average is $411.84 and its two-hundred day moving average is $450.39. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30.

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 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. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.