Schroder Investment Management Group Raises Stake in EMCOR Group, Inc. (NYSE:EME)

Schroder Investment Management Group increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1,055.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,734 shares of the construction company’s stock after acquiring an additional 11,632 shares during the quarter. Schroder Investment Management Group’s holdings in EMCOR Group were worth $5,823,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its position in shares of EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after purchasing an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in EMCOR Group by 14.4% in 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 last quarter. Whittier Trust Co. grew its holdings in EMCOR Group by 40.2% in the 4th quarter. Whittier Trust Co. now owns 279 shares of the construction company’s stock valued at $127,000 after buying an additional 80 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of EMCOR Group by 56.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 321 shares of the construction company’s stock valued at $147,000 after acquiring an additional 116 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of EMCOR Group during the 4th quarter worth about $152,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 3.6 %

Shares of EME stock opened at $341.76 on Friday. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The firm’s 50 day moving average price is $408.04 and its two-hundred day moving average price is $449.97. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 17.36 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

EME has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $497.25.

Insider Transactions at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the business’s 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 transaction, the chief accounting officer now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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.