Calamos Advisors LLC Trims Holdings in EMCOR Group, Inc. (NYSE:EME)

Calamos Advisors LLC lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 32.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,279 shares of the construction company’s stock after selling 2,573 shares during the period. Calamos Advisors LLC’s holdings in EMCOR Group were worth $1,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EME. Nordea Investment Management AB grew its holdings in shares of EMCOR Group by 10.7% during the fourth quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock worth $21,880,000 after buying an additional 9,752 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of EMCOR Group in the 4th quarter worth $992,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in EMCOR Group by 1.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,308 shares of the construction company’s stock worth $56,078,000 after acquiring an additional 2,880 shares during the period. FMR LLC lifted its holdings in EMCOR Group by 7.3% in the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock valued at $747,239,000 after acquiring an additional 241,920 shares during the period. Finally, Earnest Partners LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter worth $2,212,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EME has been the subject of several recent analyst reports. KeyCorp started coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. DA Davidson reiterated a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research report on Friday, March 22nd.

EMCOR Group Stock Performance

Shares of EME opened at $328.63 on Monday. EMCOR Group, Inc. has a fifty-two week low of $155.35 and a fifty-two week high of $369.53. The company has a market capitalization of $15.47 billion, a PE ratio of 24.69 and a beta of 1.10. The stock has a fifty day moving average of $319.31 and a two-hundred day moving average of $251.48.

EMCOR Group (NYSE:EME) last released its earnings results on Wednesday, February 28th. The construction company reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.96. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. EMCOR Group’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.63 earnings per share. As a group, equities research analysts forecast 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. Investors of record on Tuesday, April 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Monday, April 15th. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is 7.51%.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the transaction, the chief executive officer now owns 219,023 shares in the company, valued at approximately $70,010,701.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

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.