Impact Capital Partners LLC Invests $1.20 Million in EMCOR Group, Inc. (NYSE:EME)

Impact Capital Partners LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,644 shares of the construction company’s stock, valued at approximately $1,200,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ raised its stake in shares of EMCOR Group by 79.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 117,359 shares of the construction company’s stock worth $53,660,000 after buying an additional 52,014 shares during the last quarter. Achmea Investment Management B.V. raised its stake in shares of EMCOR Group by 25.9% during the 4th quarter. Achmea Investment Management B.V. now owns 23,917 shares of the construction company’s stock worth $10,856,000 after buying an additional 4,919 shares during the last quarter. Vestcor Inc raised its stake in shares of EMCOR Group by 27.1% during the 4th quarter. Vestcor Inc now owns 4,668 shares of the construction company’s stock worth $2,119,000 after buying an additional 994 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in EMCOR Group by 4.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,105 shares of the construction company’s stock valued at $1,410,000 after purchasing an additional 124 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in EMCOR Group in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Up 2.7 %

EMCOR Group stock opened at $382.55 on Thursday. The stock has a market cap of $17.40 billion, a P/E ratio of 19.43 and a beta of 1.14. The stock has a 50 day moving average of $445.64 and a 200-day moving average of $449.67. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, equities 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 authorized a stock buyback program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 4.64%.

Analyst Ratings Changes

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

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.