Optimum Investment Advisors Sells 125 Shares of EMCOR Group, Inc. (NYSE:EME)

Optimum Investment Advisors lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150 shares of the construction company’s stock after selling 125 shares during the quarter. Optimum Investment Advisors’ holdings in EMCOR Group were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EME. Pathstone Holdings LLC raised its position in EMCOR Group by 4.3% in the 3rd quarter. Pathstone Holdings LLC now owns 10,536 shares of the construction company’s stock worth $4,536,000 after purchasing an additional 439 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of EMCOR Group during the 3rd quarter valued at about $503,000. First Horizon Advisors Inc. boosted its stake in shares of EMCOR Group by 13.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock valued at $101,000 after purchasing an additional 27 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of EMCOR Group during the 3rd quarter valued at about $584,000. Finally, Great Valley Advisor Group Inc. boosted its stake in EMCOR Group by 83.0% during the third quarter. Great Valley Advisor Group Inc. now owns 6,131 shares of the construction company’s stock worth $2,640,000 after acquiring an additional 2,781 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the transaction, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on EME shares. Stifel Nicolaus dropped their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Trading Down 1.1 %

Shares of EME stock opened at $395.11 on Monday. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The stock has a market cap of $17.97 billion, a P/E ratio of 20.07 and a beta of 1.14. The company has a 50 day simple moving average of $434.48 and a two-hundred day simple moving average of $450.82.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share 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 analyst estimates of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. EMCOR Group’s dividend payout ratio is 4.64%.

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.