Marshall Wace LLP Has $15.45 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Marshall Wace LLP grew its position in EMCOR Group, Inc. (NYSE:EME) by 97.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,310 shares of the construction company’s stock after purchasing an additional 20,880 shares during the quarter. Marshall Wace LLP’s holdings in EMCOR Group were worth $15,447,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Eagle Bay Advisors LLC grew its holdings in EMCOR Group by 8.1% in the 1st quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after buying an additional 34 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of EMCOR Group by 17.2% in the first quarter. GAMMA Investing LLC now owns 239 shares of the construction company’s stock valued at $84,000 after acquiring an additional 35 shares in the last quarter. Miller Howard Investments Inc. NY increased its position in EMCOR Group by 2.2% during the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock worth $787,000 after acquiring an additional 46 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in EMCOR Group by 30.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock worth $73,000 after purchasing an additional 47 shares in the last quarter. Finally, Cooper Financial Group boosted its holdings in EMCOR Group by 3.7% in the 2nd quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock valued at $485,000 after purchasing an additional 47 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. DA Davidson raised their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the transaction, the director now owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by insiders.

EMCOR Group Stock Down 0.5 %

EME stock opened at $427.29 on Friday. The company’s 50-day moving average price is $377.82 and its two-hundred day moving average price is $369.11. The firm has a market cap of $20.08 billion, a P/E ratio of 28.19 and a beta of 1.07. EMCOR Group, Inc. has a 12 month low of $191.50 and a 12 month high of $443.96.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the firm posted $2.95 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities analysts predict that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Monday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio is currently 6.60%.

EMCOR Group announced that its board has authorized a stock buyback plan on Friday, June 7th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership 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.