Level Four Advisory Services LLC Purchases 473 Shares of EMCOR Group, Inc. (NYSE:EME)

Level Four Advisory Services LLC grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,425 shares of the construction company’s stock after buying an additional 473 shares during the quarter. Level Four Advisory Services LLC’s holdings in EMCOR Group were worth $1,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. denkapparat Operations GmbH purchased a new stake in EMCOR Group during the 4th quarter valued at $457,000. Pictet Asset Management Holding SA raised its stake in shares of EMCOR Group by 6.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 62,783 shares of the construction company’s stock worth $28,497,000 after purchasing an additional 3,824 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of EMCOR Group during the fourth quarter valued at $3,370,000. Norges Bank purchased a new stake in shares of EMCOR Group during the fourth quarter valued at $299,855,000. Finally, AssuredPartners Investment Advisors LLC bought a new stake in EMCOR Group in the 4th quarter worth about $477,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Stifel Nicolaus lowered their target price 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 downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research 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 data from MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $497.25.

Insider Activity at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction that occurred 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 approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.26% of the stock is owned by company insiders.

EMCOR Group Stock Down 2.1 %

EMCOR Group stock opened at $371.22 on Friday. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The company has a market cap of $16.88 billion, a P/E ratio of 18.85 and a beta of 1.14. The business has a 50-day simple moving average of $424.19 and a two-hundred day simple moving average of $451.35.

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

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 issued a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. EMCOR Group’s dividend payout ratio is currently 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 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.