EMCOR Group, Inc. $EME Holdings Increased by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH increased its stake in EMCOR Group, Inc. (NYSE:EME) by 686.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,979 shares of the construction company’s stock after acquiring an additional 4,346 shares during the period. Lingohr Asset Management GmbH’s holdings in EMCOR Group were worth $3,233,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. National Pension Service lifted its position in EMCOR Group by 29.5% in the third quarter. National Pension Service now owns 38,473 shares of the construction company’s stock worth $24,990,000 after purchasing an additional 8,771 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in shares of EMCOR Group by 33.3% in the third quarter. Cornerstone Wealth Management LLC now owns 724 shares of the construction company’s stock valued at $470,000 after buying an additional 181 shares during the period. AlphaQuest LLC lifted its holdings in shares of EMCOR Group by 108.5% in the third quarter. AlphaQuest LLC now owns 4,813 shares of the construction company’s stock valued at $3,126,000 after buying an additional 2,505 shares during the period. Argent Advisors Inc. boosted its stake in EMCOR Group by 1.1% during the third quarter. Argent Advisors Inc. now owns 2,106 shares of the construction company’s stock valued at $1,368,000 after buying an additional 23 shares in the last quarter. Finally, Pittenger & Anderson Inc. acquired a new position in EMCOR Group during the third quarter worth about $193,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EME shares. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a report on Friday, October 31st. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus raised their target price on shares of EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $698.83.

EMCOR Group Stock Performance

EMCOR Group stock opened at $721.29 on Friday. The company has a 50 day moving average price of $645.50 and a 200 day moving average price of $640.06. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64. The firm has a market capitalization of $32.29 billion, a price-to-earnings ratio of 29.00 and a beta of 1.17.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.57. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $5.80 EPS. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its board has approved a stock repurchase program on Thursday, December 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s payout ratio is presently 6.43%.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.