Worldquant Millennium Advisors LLC Buys 7,268 Shares of EMCOR Group, Inc. (NYSE:EME)

Worldquant Millennium Advisors LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 14.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,119 shares of the construction company’s stock after buying an additional 7,268 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in EMCOR Group were worth $25,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vident Advisory LLC grew its position in shares of EMCOR Group by 16.1% in the 4th quarter. Vident Advisory LLC now owns 12,686 shares of the construction company’s stock valued at $5,758,000 after purchasing an additional 1,759 shares during the period. Twinbeech Capital LP acquired a new position in shares of EMCOR Group in the 4th quarter valued at approximately $215,000. Two Sigma Advisers LP grew its position in shares of EMCOR Group by 36.8% in the 4th quarter. Two Sigma Advisers LP now owns 18,200 shares of the construction company’s stock valued at $8,261,000 after purchasing an additional 4,900 shares during the period. Teza Capital Management LLC grew its position in shares of EMCOR Group by 55.5% in the 4th quarter. Teza Capital Management LLC now owns 1,497 shares of the construction company’s stock valued at $679,000 after purchasing an additional 534 shares during the period. Finally, True Wealth Design LLC grew its position in shares of EMCOR Group by 24.3% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company’s stock valued at $60,000 after purchasing an additional 26 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 947 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director now owns 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anthony Guzzi sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the sale, the chief executive officer now owns 208,989 shares in the company, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,197 shares of company stock valued at $3,905,748 in the last quarter. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $494.50.

EMCOR Group Stock Up 0.6%

NYSE:EME opened at $472.80 on Wednesday. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The business has a 50 day moving average price of $400.62 and a two-hundred day moving average price of $443.36. The company has a market cap of $21.16 billion, a P/E ratio of 24.01 and a beta of 1.18.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm posted $4.17 EPS. The business’s revenue was up 12.7% on a year-over-year basis. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.42%.

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.