Emcor Group Inc (EME) Position Increased by Legal & General Group Plc

Legal & General Group Plc increased its holdings in shares of Emcor Group Inc (NYSE:EME) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,853 shares of the construction company’s stock after buying an additional 2,091 shares during the quarter. Legal & General Group Plc owned 0.14% of Emcor Group worth $5,923,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EME. GSA Capital Partners LLP bought a new stake in shares of Emcor Group during the 2nd quarter valued at $203,000. Renaissance Technologies LLC lifted its position in shares of Emcor Group by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 182,000 shares of the construction company’s stock worth $13,865,000 after buying an additional 700 shares during the last quarter. OppenheimerFunds Inc. lifted its position in shares of Emcor Group by 6.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 30,036 shares of the construction company’s stock worth $2,288,000 after buying an additional 1,911 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Emcor Group by 234.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,598 shares of the construction company’s stock worth $274,000 after buying an additional 2,522 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its position in shares of Emcor Group by 6.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 46,285 shares of the construction company’s stock worth $3,526,000 after buying an additional 2,821 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

EME has been the subject of several recent analyst reports. DA Davidson upgraded Emcor Group from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Thursday, October 25th. They noted that the move was a valuation call. Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Monday, October 1st. Maxim Group initiated coverage on Emcor Group in a research report on Thursday, December 13th. They set a “hold” rating and a $68.00 price objective for the company. Finally, ValuEngine downgraded Emcor Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.50.



Emcor Group stock opened at $64.03 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 0.81 and a beta of 1.12. Emcor Group Inc has a 12 month low of $57.29 and a 12 month high of $85.08.

Emcor Group (NYSE:EME) last posted its earnings results on Thursday, October 25th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.23 by $0.12. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.95 billion. Emcor Group had a return on equity of 15.96% and a net margin of 3.27%. On average, research analysts anticipate that Emcor Group Inc will post 4.87 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Friday, January 18th will be given a $0.08 dividend. The ex-dividend date is Thursday, January 17th. This represents a $0.32 annualized dividend and a yield of 0.50%. Emcor Group’s dividend payout ratio is presently 7.88%.

Emcor Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 25th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

In other news, Director William P. Reid sold 1,900 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $71.69, for a total value of $136,211.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jerry E. Ryan sold 12,000 shares of the stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $65.76, for a total value of $789,120.00. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

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Emcor Group Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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