O Shaughnessy Asset Management LLC Buys 769 Shares of EMCOR Group, Inc. (NYSE:EME)

O Shaughnessy Asset Management LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 43,783 shares of the construction company’s stock after purchasing an additional 769 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in EMCOR Group were worth $19,873,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Koshinski Asset Management Inc. boosted its holdings in EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $298,000 after acquiring an additional 26 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock worth $311,000 after buying an additional 667 shares during the period. PFW Advisors LLC acquired a new position in EMCOR Group in the fourth quarter valued at approximately $689,000. Verition Fund Management LLC boosted its stake in EMCOR Group by 390.2% in the third quarter. Verition Fund Management LLC now owns 15,623 shares of the construction company’s stock valued at $6,726,000 after acquiring an additional 12,436 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in EMCOR Group during the 3rd quarter worth $3,354,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

Shares of EME opened at $371.22 on Monday. The stock has a 50 day simple moving average of $424.19 and a 200 day simple moving average of $451.81. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The firm has a market capitalization of $16.88 billion, a PE ratio of 18.85 and a beta of 1.14.

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 the consensus estimate of $5.53 by $0.79. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. Equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

EMCOR Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EME shares. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their price target on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $497.25.

Insider Transactions at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

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.