Mount Yale Investment Advisors LLC Reduces Position in EMCOR Group, Inc. (NYSE:EME)

Mount Yale Investment Advisors LLC decreased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 26.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,824 shares of the construction company’s stock after selling 997 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in EMCOR Group were worth $1,031,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in EMCOR Group by 89.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after purchasing an additional 10,269 shares during the period. Hennessy Advisors Inc. increased its stake in EMCOR Group by 18.9% in the 1st quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock valued at $50,114,000 after purchasing an additional 22,700 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of EMCOR Group by 92.8% during the 1st quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock worth $35,901,000 after buying an additional 49,346 shares during the last quarter. Wellington Management Group LLP acquired a new position in EMCOR Group during the fourth quarter worth about $9,565,000. Finally, BTC Capital Management Inc. purchased a new stake in EMCOR Group in the 1st quarter valued at approximately $701,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were 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 approximately $3,202,513.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Up 1.3 %

EME opened at $435.60 on Monday. EMCOR Group, Inc. has a fifty-two week low of $191.50 and a fifty-two week high of $437.10. The firm has a market cap of $20.47 billion, a price-to-earnings ratio of 28.73 and a beta of 1.07. The company’s 50-day moving average price is $373.10 and its 200 day moving average price is $366.69.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $1.49. The company had revenue of $3.67 billion during 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 revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.95 earnings per share. Research 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 initiated a share repurchase plan on Friday, June 7th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were issued a $0.25 dividend. The ex-dividend date of this dividend 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

Several research analysts have weighed in on EME shares. DA Davidson boosted their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Friday.

EMCOR Group 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.