First Quadrant L P CA Buys 4,552 Shares of Emcor Group Inc (EME)

First Quadrant L P CA boosted its stake in shares of Emcor Group Inc (NYSE:EME) by 66.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,452 shares of the construction company’s stock after acquiring an additional 4,552 shares during the period. First Quadrant L P CA’s holdings in Emcor Group were worth $936,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Emcor Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,982,822 shares of the construction company’s stock valued at $325,777,000 after purchasing an additional 65,908 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Emcor Group by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,202,317 shares of the construction company’s stock valued at $152,797,000 after purchasing an additional 82,349 shares in the last quarter. State Street Corp boosted its holdings in shares of Emcor Group by 2.5% in the 2nd quarter. State Street Corp now owns 2,059,368 shares of the construction company’s stock valued at $134,642,000 after purchasing an additional 50,588 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. boosted its holdings in shares of Emcor Group by 1.7% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,441,346 shares of the construction company’s stock valued at $100,001,000 after purchasing an additional 23,775 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Emcor Group by 19.8% in the 3rd quarter. Prudential Financial Inc. now owns 1,102,699 shares of the construction company’s stock valued at $76,506,000 after purchasing an additional 182,340 shares in the last quarter. Hedge funds and other institutional investors own 94.29% of the company’s stock.

Shares of Emcor Group Inc (NYSE EME) opened at $82.35 on Tuesday. The firm has a market capitalization of $4,855.08, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. Emcor Group Inc has a twelve month low of $59.76 and a twelve month high of $85.08. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.25.

Emcor Group announced that its board has authorized a stock buyback plan on Thursday, October 26th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, January 12th. Emcor Group’s dividend payout ratio is presently 8.94%.

In other Emcor Group news, Director William P. Reid sold 4,647 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total value of $385,236.30. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 target price (up previously from $75.00) on shares of Emcor Group in a report on Wednesday, November 1st. ValuEngine downgraded Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Emcor Group in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $88.50.

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Emcor Group Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

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

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