Catalyst Funds Management Pty Ltd Purchases 2,700 Shares of EMCOR Group, Inc. (NYSE:EME)

Catalyst Funds Management Pty Ltd lifted its position in EMCOR Group, Inc. (NYSE:EME) by 900.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,000 shares of the construction company’s stock after buying an additional 2,700 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in EMCOR Group were worth $1,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Poinciana Advisors Group LLC bought a new position in shares of EMCOR Group in the fourth quarter worth approximately $218,000. Picton Mahoney Asset Management lifted its position in EMCOR Group by 27.6% during the fourth quarter. Picton Mahoney Asset Management now owns 1,104 shares of the construction company’s stock valued at $501,000 after purchasing an additional 239 shares during the period. Sienna Gestion bought a new position in EMCOR Group during the fourth quarter valued at approximately $6,397,000. Hilton Capital Management LLC lifted its position in EMCOR Group by 4.9% during the fourth quarter. Hilton Capital Management LLC now owns 6,337 shares of the construction company’s stock valued at $2,876,000 after purchasing an additional 297 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in EMCOR Group by 10.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,947 shares of the construction company’s stock valued at $4,515,000 after purchasing an additional 945 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

EME has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and an average price target of $497.25.

Insider Transactions at EMCOR Group

In other 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 value of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company’s stock, valued at $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Trading Up 4.4 %

Shares of EME stock opened at $389.29 on Friday. 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 $17.70 billion, a P/E ratio of 19.77 and a beta of 1.14. The company has a 50 day simple moving average of $442.26 and a two-hundred day simple moving average of $449.22.

EMCOR Group (NYSE:EME) last announced its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.81 billion. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. EMCOR Group’s dividend payout ratio (DPR) is presently 4.64%.

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