Emcor Group Inc (EME) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in Emcor Group Inc (NYSE:EME) by 25.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,554 shares of the construction company’s stock after buying an additional 1,332 shares during the period. Crossmark Global Holdings Inc.’s holdings in Emcor Group were worth $536,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Emcor Group by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,202,317 shares of the construction company’s stock worth $152,797,000 after buying an additional 82,349 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. increased its holdings in shares of Emcor Group by 1.7% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,441,346 shares of the construction company’s stock worth $100,001,000 after buying an additional 23,775 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Emcor Group by 19.8% in the 3rd quarter. Prudential Financial Inc. now owns 1,102,699 shares of the construction company’s stock worth $76,506,000 after buying an additional 182,340 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Emcor Group by 6.5% in the 3rd quarter. Wells Fargo & Company MN now owns 1,068,029 shares of the construction company’s stock worth $74,100,000 after buying an additional 65,047 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Emcor Group by 80.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 818,050 shares of the construction company’s stock worth $66,863,000 after buying an additional 364,172 shares during the last quarter. 95.19% of the stock is currently owned by hedge funds and other institutional investors.

Emcor Group Inc (EME) opened at $76.43 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Emcor Group Inc has a twelve month low of $59.76 and a twelve month high of $85.08. The company has a market cap of $4,507.49, a price-to-earnings ratio of 21.35, a P/E/G ratio of 1.27 and a beta of 0.96.

Emcor Group declared that its board has approved a stock buyback plan on Thursday, October 26th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, January 12th. Emcor Group’s dividend payout ratio is currently 8.94%.

In related news, Director William P. Reid sold 4,647 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $82.90, for a total transaction of $385,236.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $88.00 price target (up previously from $75.00) on shares of Emcor Group in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. KeyCorp reissued a “hold” rating on shares of Emcor Group in a report on Friday, November 17th. Finally, ValuEngine lowered shares of Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $88.50.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/21/emcor-group-inc-eme-shares-bought-by-crossmark-global-holdings-inc.html.

Emcor Group Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emcor Group Inc (NYSE:EME).

Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

Receive News & Ratings for Emcor Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emcor Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply