Asset Management One Co. Ltd. Takes $992,000 Position in EMCOR Group, Inc. (NYSE:EME)

Asset Management One Co. Ltd. acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,588 shares of the construction company’s stock, valued at approximately $992,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Trust Point Inc. purchased a new position in shares of EMCOR Group during the fourth quarter worth $430,000. Oak Thistle LLC boosted its stake in shares of EMCOR Group by 14.5% in the fourth quarter. Oak Thistle LLC now owns 9,175 shares of the construction company’s stock valued at $1,977,000 after purchasing an additional 1,164 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of EMCOR Group by 146.5% in the fourth quarter. AdvisorNet Financial Inc now owns 1,013 shares of the construction company’s stock valued at $218,000 after purchasing an additional 602 shares in the last quarter. Global Retirement Partners LLC increased its stake in EMCOR Group by 28.1% during the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the construction company’s stock worth $79,000 after buying an additional 79 shares during the period. Finally, Blue Trust Inc. lifted its holdings in EMCOR Group by 35.7% during the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the construction company’s stock worth $233,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 0.1 %

Shares of EMCOR Group stock opened at $351.88 on Friday. EMCOR Group, Inc. has a 52-week low of $154.00 and a 52-week high of $369.53. The company has a market capitalization of $16.56 billion, a P/E ratio of 26.44 and a beta of 1.10. The company has a 50 day moving average of $309.31 and a 200 day moving average of $246.34.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.96. The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.36 billion. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.63 EPS. As a group, research analysts anticipate that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) is 5.41%.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on EME. DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp initiated coverage on EMCOR Group in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock.

About EMCOR Group

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.