EMCOR Group, Inc. (NYSE:EME) Stock Holdings Increased by Southeast Asset Advisors LLC

Southeast Asset Advisors LLC grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,426 shares of the construction company’s stock after acquiring an additional 608 shares during the quarter. Southeast Asset Advisors LLC’s holdings in EMCOR Group were worth $2,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in EMCOR Group in the 4th quarter valued at about $45,000. SJS Investment Consulting Inc. lifted its stake in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after acquiring an additional 25 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new position in shares of EMCOR Group during the fourth quarter valued at approximately $126,000. Finally, Whittier Trust Co. raised its holdings in EMCOR Group by 40.2% during the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company’s stock worth $127,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

EME has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $497.25.

EMCOR Group Stock Performance

NYSE EME opened at $341.76 on Monday. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The business’s fifty day moving average is $408.04 and its two-hundred day moving average is $450.55. The stock has a market capitalization of $15.54 billion, a P/E ratio of 17.36 and a beta of 1.08.

EMCOR Group (NYSE:EME) last announced its earnings results 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 company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its Board of Directors has initiated a stock 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 purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

About EMCOR Group

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.