Mackenzie Financial Corp Buys 84 Shares of EMCOR Group, Inc. (NYSE:EME)

Mackenzie Financial Corp lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,410 shares of the construction company’s stock after acquiring an additional 84 shares during the quarter. Mackenzie Financial Corp’s holdings in EMCOR Group were worth $735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EME. Fuller & Thaler Asset Management Inc. raised its stake in EMCOR Group by 41.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock valued at $224,813,000 after acquiring an additional 310,718 shares during the period. Pacer Advisors Inc. raised its stake in EMCOR Group by 3,091.7% in the 4th quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock valued at $67,645,000 after acquiring an additional 304,160 shares during the period. Invesco Ltd. raised its stake in EMCOR Group by 40.1% in the 3rd quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock valued at $193,412,000 after acquiring an additional 263,330 shares during the period. FMR LLC raised its stake in EMCOR Group by 7.3% in the 3rd 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, Allspring Global Investments Holdings LLC raised its stake in EMCOR Group by 155.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 325,625 shares of the construction company’s stock valued at $68,509,000 after acquiring an additional 198,214 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EME shares. 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 began coverage on EMCOR Group in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock.

EMCOR Group Price Performance

EME stock opened at $349.06 on Friday. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 26.23 and a beta of 1.10. The business’s fifty day moving average price is $326.74 and its two-hundred day moving average price is $254.57. EMCOR Group, Inc. has a fifty-two week low of $155.46 and a fifty-two week high of $369.53.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.96. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.36 billion. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.63 EPS. Research analysts expect that EMCOR Group, Inc. will post 14.5 EPS 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 issued a dividend of $0.25 per share. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, April 15th. EMCOR Group’s dividend payout ratio is 7.51%.

Insider Transactions at EMCOR Group

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

EMCOR Group Company 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.