Personal CFO Solutions LLC Takes $207,000 Position in EMCOR Group, Inc. (NYSE:EME)

Personal CFO Solutions LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 455 shares of the construction company’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently made changes to their positions in EME. Assetmark Inc. boosted its stake in shares of EMCOR Group by 33.5% during the third quarter. Assetmark Inc. now owns 7,718 shares of the construction company’s stock valued at $3,323,000 after purchasing an additional 1,935 shares during the period. Atria Investments Inc boosted its stake in shares of EMCOR Group by 7.7% during the third quarter. Atria Investments Inc now owns 13,259 shares of the construction company’s stock valued at $5,708,000 after purchasing an additional 951 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of EMCOR Group by 11.1% during the third quarter. Axxcess Wealth Management LLC now owns 1,533 shares of the construction company’s stock valued at $660,000 after purchasing an additional 153 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of EMCOR Group by 16.4% during the third quarter. Crossmark Global Holdings Inc. now owns 6,220 shares of the construction company’s stock valued at $2,677,000 after purchasing an additional 876 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in shares of EMCOR Group by 8.8% during the third quarter. Apollon Wealth Management LLC now owns 4,770 shares of the construction company’s stock valued at $2,054,000 after purchasing an additional 387 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 3.4 %

Shares of EME stock opened at $373.47 on Wednesday. The stock has a fifty day moving average of $447.07 and a 200 day moving average of $450.14. EMCOR Group, Inc. has a 52 week low of $314.75 and a 52 week high of $545.30. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 18.97 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data 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. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. EMCOR Group’s dividend payout ratio (DPR) is 4.64%.

EMCOR Group declared that its board has initiated a share repurchase program on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

EME has been the subject of a number of analyst reports. Northcoast Research began coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their price target on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.