983 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 983 shares of the construction company’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently modified their holdings of EME. Allworth Financial LP lifted its position in EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after acquiring an additional 62 shares during the period. Arlington Trust Co LLC purchased a new position in shares of EMCOR Group during the third quarter valued at approximately $35,000. CVA Family Office LLC purchased a new position in shares of EMCOR Group during the fourth quarter valued at approximately $39,000. Cullen Frost Bankers Inc. bought a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $42,000. Finally, Global Retirement Partners LLC grew its stake 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 worth $79,000 after buying an additional 79 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EME. KeyCorp began coverage on EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. DA Davidson reaffirmed a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research report on Friday, March 22nd.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

EMCOR Group Stock Up 2.8 %

NYSE:EME opened at $363.83 on Tuesday. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 24.00 and a beta of 1.10. The company’s 50 day moving average price is $330.98 and its 200-day moving average price is $257.35. EMCOR Group, Inc. has a 52 week low of $161.49 and a 52 week high of $369.53.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating the consensus estimate of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The business had revenue of $3.43 billion for the quarter. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 16 earnings per share for the current year.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a $0.25 dividend. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. EMCOR Group’s payout ratio is 6.60%.

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.