5,168 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by Magnetar Financial LLC

Magnetar Financial LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,168 shares of the construction company’s stock, valued at approximately $2,346,000.

Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its position in EMCOR Group by 41.1% during the fourth quarter. Teacher Retirement System of Texas now owns 113,142 shares of the construction company’s stock valued at $51,355,000 after purchasing an additional 32,928 shares in the last quarter. First National Bank of Hutchinson boosted its stake in shares of EMCOR Group by 4.7% during the 4th quarter. First National Bank of Hutchinson now owns 2,865 shares of the construction company’s stock valued at $1,300,000 after buying an additional 128 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in shares of EMCOR Group by 31.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,953 shares of the construction company’s stock valued at $1,794,000 after acquiring an additional 947 shares in the last quarter. Vinva Investment Management Ltd increased its stake in shares of EMCOR Group by 5.1% in the fourth quarter. Vinva Investment Management Ltd now owns 30,252 shares of the construction company’s stock worth $13,833,000 after acquiring an additional 1,476 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of EMCOR Group by 11.4% during the fourth quarter. Xponance Inc. now owns 9,958 shares of the construction company’s stock worth $4,520,000 after acquiring an additional 1,023 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was 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 of the company’s stock, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Stock Performance

EME opened at $400.31 on Friday. The stock has a 50-day moving average of $435.92 and a 200-day moving average of $449.51. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The company has a market cap of $18.20 billion, a PE ratio of 20.33 and a beta of 1.14.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating 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 company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

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

EMCOR Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EME shares. Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced 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. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $497.25.

EMCOR Group Company 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.