EMCOR Group, Inc. (NYSE:EME) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in EMCOR Group, Inc. (NYSE:EMEGet Rating) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,961 shares of the construction company’s stock after selling 129 shares during the period. Crossmark Global Holdings Inc.’s holdings in EMCOR Group were worth $458,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust increased its holdings in shares of EMCOR Group by 66.2% in the first quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares during the period. CWM LLC increased its holdings in shares of EMCOR Group by 52.3% in the third quarter. CWM LLC now owns 358 shares of the construction company’s stock valued at $41,000 after purchasing an additional 123 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in EMCOR Group by 5.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,478 shares of the construction company’s stock worth $286,000 after acquiring an additional 125 shares during the period. Nisa Investment Advisors LLC grew its holdings in EMCOR Group by 0.4% during the second quarter. Nisa Investment Advisors LLC now owns 32,645 shares of the construction company’s stock worth $3,361,000 after acquiring an additional 140 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in EMCOR Group by 4.5% during the first quarter. Mackenzie Financial Corp now owns 3,253 shares of the construction company’s stock worth $366,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

EMCOR Group Stock Up 0.9 %

EME opened at $145.32 on Monday. The business’s fifty day moving average is $149.86 and its two-hundred day moving average is $130.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.28. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 19.56 and a beta of 1.13. EMCOR Group, Inc. has a one year low of $95.64 and a one year high of $156.67.

EMCOR Group (NYSE:EMEGet Rating) last posted its earnings results on Thursday, October 27th. The construction company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.71 billion. EMCOR Group had a return on equity of 18.65% and a net margin of 3.54%. Analysts anticipate that EMCOR Group, Inc. will post 7.78 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, January 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. EMCOR Group’s payout ratio is 8.08%.

Insiders Place Their Bets

In other news, EVP Maxine Lum Mauricio sold 2,500 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $149.62, for a total value of $374,050.00. Following the sale, the executive vice president now directly owns 26,478 shares in the company, valued at $3,961,638.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Mark A. Pompa sold 10,000 shares of the company’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $135.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer now directly owns 101,143 shares in the company, valued at $13,654,305. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maxine Lum Mauricio sold 2,500 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $149.62, for a total value of $374,050.00. Following the completion of the sale, the executive vice president now owns 26,478 shares in the company, valued at $3,961,638.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock worth $3,444,500. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EME has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on EMCOR Group in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. KeyCorp upped their price objective on EMCOR Group from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 4th. Finally, DA Davidson upped their price objective on EMCOR Group to $165.00 in a report on Tuesday, November 1st.

EMCOR Group Company Profile

(Get Rating)

EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: 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.

Further Reading

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

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