Zurcher Kantonalbank Zurich Cantonalbank Raises Position in EMCOR Group, Inc. (NYSE:EME)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 7.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,338 shares of the construction company’s stock after purchasing an additional 730 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EMCOR Group were worth $2,227,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EME. Allworth Financial LP grew its holdings in EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after buying an additional 62 shares during the period. Arlington Trust Co LLC purchased a new stake in EMCOR Group in the third quarter valued at approximately $35,000. CVA Family Office LLC acquired a new position in EMCOR Group during the fourth quarter worth approximately $39,000. Cullen Frost Bankers Inc. purchased a new position in EMCOR Group during the third quarter worth approximately $42,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of EMCOR Group by 28.1% in the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the construction company’s stock valued at $79,000 after purchasing an additional 79 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Up 1.7 %

EME opened at $338.08 on Wednesday. EMCOR Group, Inc. has a 52-week low of $155.46 and a 52-week high of $369.53. The company has a 50 day moving average of $323.00 and a two-hundred day moving average of $253.31. The company has a market cap of $15.91 billion, a P/E ratio of 25.40 and a beta of 1.10.

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

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.30%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) is 7.51%.

Analyst Ratings Changes

A number of analysts have recently commented on EME shares. DA Davidson restated a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd. KeyCorp assumed coverage on EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

Insider Activity at EMCOR Group

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 completion of the sale, the chief executive officer now owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s 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.