EMCOR Group, Inc. (NYSE:EME) Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in EMCOR Group, Inc. (NYSE:EMEFree Report) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,901 shares of the construction company’s stock after selling 21,923 shares during the quarter. UBS Group AG owned about 0.15% of EMCOR Group worth $14,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after purchasing an additional 62 shares in the last quarter. CVA Family Office LLC acquired a new position in EMCOR Group in the fourth quarter valued at approximately $39,000. Benjamin F. Edwards & Company Inc. boosted its holdings in EMCOR Group by 182.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company’s stock valued at $42,000 after purchasing an additional 126 shares in the last quarter. Alaska Permanent Fund Corp acquired a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $43,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of EMCOR Group by 32.5% in the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock valued at $45,000 after acquiring an additional 51 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and issued a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

View Our Latest Analysis on EME

EMCOR Group Trading Down 1.8 %

EME stock opened at $388.42 on Friday. The company has a market capitalization of $18.26 billion, a P/E ratio of 25.62 and a beta of 1.07. EMCOR Group, Inc. has a twelve month low of $163.40 and a twelve month high of $401.98. The business has a 50 day simple moving average of $364.36 and a 200-day simple moving average of $286.08.

EMCOR Group (NYSE:EMEGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, topping 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 firm had revenue of $3.43 billion during the quarter. Research analysts predict that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, April 15th. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

Insider Buying and Selling

In related 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 completion of the sale, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.