EMCOR Group, Inc. (NYSE:EME) Stock Holdings Trimmed by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,996 shares of the construction company’s stock after selling 391 shares during the period. Ameritas Investment Partners Inc.’s holdings in EMCOR Group were worth $3,649,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co bought a new stake in EMCOR Group during the 2nd quarter valued at $26,000. Proffitt & Goodson Inc. bought a new stake in shares of EMCOR Group in the 2nd quarter worth $27,000. Innealta Capital LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth $29,000. ORG Partners LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth $31,000. Finally, Independence Bank of Kentucky bought a new stake in shares of EMCOR Group in the 1st quarter worth $33,000. Institutional investors own 92.59% of the company’s stock.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the transaction, the director now owns 8,637 shares in the company, valued at $3,202,513.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Up 1.3 %

Shares of NYSE EME opened at $435.69 on Friday. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 28.74 and a beta of 1.07. The stock’s fifty day simple moving average is $373.10 and its 200 day simple moving average is $366.11. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $437.10.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $1.49. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.95 EPS. As a group, analysts anticipate that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has authorized a share repurchase plan on Friday, June 7th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio is 6.60%.

Analyst Upgrades and Downgrades

EME has been the topic of a number of research reports. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. DA Davidson boosted their price objective on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Company 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.