O Shaughnessy Asset Management LLC Has $19.87 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

O Shaughnessy Asset Management LLC boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,783 shares of the construction company’s stock after buying an additional 769 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.10% of EMCOR Group worth $19,873,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its holdings in shares of EMCOR Group by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after acquiring an additional 19 shares during the last quarter. Adirondack Trust Co. grew its holdings in EMCOR Group by 5.0% during the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after purchasing an additional 20 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after purchasing an additional 21 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, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after buying an additional 25 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $371.22 on Monday. The company has a market cap of $16.88 billion, a PE ratio of 18.85 and a beta of 1.14. The firm has a fifty day moving average price of $424.19 and a two-hundred day moving average price of $451.81. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

EMCOR Group (NYSE:EME) last released its 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 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 the consensus estimate of $3.81 billion. Analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 4.64%.

EMCOR Group declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EME shares. 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 report on Thursday, February 27th. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $497.25.

Insider Activity at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares of the company’s stock, valued at $10,229,474.94. The trade was a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

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.