Meeder Advisory Services Inc. Purchases 194 Shares of EMCOR Group, Inc. (NYSE:EME)

Meeder Advisory Services Inc. increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 24.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,003 shares of the construction company’s stock after purchasing an additional 194 shares during the period. Meeder Advisory Services Inc.’s holdings in EMCOR Group were worth $366,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its holdings in EMCOR Group by 39.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,561 shares of the construction company’s stock worth $5,774,000 after purchasing an additional 4,364 shares in the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of EMCOR Group by 6.1% in the second quarter. D Orazio & Associates Inc. now owns 943 shares of the construction company’s stock worth $344,000 after buying an additional 54 shares in the last quarter. Vest Financial LLC boosted its position in shares of EMCOR Group by 15.0% during the second quarter. Vest Financial LLC now owns 2,952 shares of the construction company’s stock worth $1,078,000 after acquiring an additional 386 shares during the last quarter. Forsta AP Fonden bought a new position in shares of EMCOR Group during the second quarter worth $6,930,000. Finally, Qsemble Capital Management LP grew its stake in EMCOR Group by 159.9% during the second quarter. Qsemble Capital Management LP now owns 2,641 shares of the construction company’s stock valued at $964,000 after acquiring an additional 1,625 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson boosted their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

Insider Activity

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group 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 completion of the transaction, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

NYSE:EME opened at $396.42 on Monday. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 26.15 and a beta of 1.07. EMCOR Group, Inc. has a 1 year low of $191.50 and a 1 year high of $401.98. The stock’s 50 day simple moving average is $368.41 and its two-hundred day simple moving average is $363.31.

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, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the firm earned $2.95 earnings per share. EMCOR Group’s revenue was up 20.4% on a year-over-year basis. As a group, analysts anticipate that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

EMCOR Group announced that its board has authorized a stock repurchase program on Friday, June 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

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.