Mariner LLC Acquires 1,986 Shares of EMCOR Group, Inc. (NYSE:EME)

Mariner LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 32.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,114 shares of the construction company’s stock after acquiring an additional 1,986 shares during the quarter. Mariner LLC’s holdings in EMCOR Group were worth $3,683,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EME. SkyView Investment Advisors LLC boosted its position in EMCOR Group by 0.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 7,533 shares of the construction company’s stock valued at $3,243,000 after buying an additional 68 shares during the period. Fulcrum Equity Management bought a new stake in EMCOR Group during the 3rd quarter valued at $205,000. World Investment Advisors LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter worth $238,000. Wilmington Savings Fund Society FSB increased its stake in shares of EMCOR Group by 46.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 951 shares of the construction company’s stock valued at $409,000 after buying an additional 301 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of EMCOR Group by 7.8% in the third quarter. Franklin Resources Inc. now owns 68,808 shares of the construction company’s stock valued at $31,143,000 after acquiring an additional 5,007 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group 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 sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.26% of the stock is owned by insiders.

EMCOR Group Stock Performance

EME stock opened at $362.55 on Tuesday. The firm has a 50-day simple moving average of $389.00 and a two-hundred day simple moving average of $445.28. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 18.41 and a beta of 1.08.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) 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. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its Board of Directors has approved a share buyback plan 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 plans are typically an indication that the company’s leadership believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Thursday, April 17th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.64%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $497.25.

About EMCOR Group

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.