EMCOR Group, Inc. (NYSE:EME – Get Rating) EVP Maxine Lum Mauricio sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $149.62, for a total transaction of $374,050.00. Following the sale, the executive vice president now directly owns 26,478 shares of the company’s stock, valued at approximately $3,961,638.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Maxine Lum Mauricio also recently made the following trade(s):
- On Monday, October 31st, Maxine Lum Mauricio sold 5,000 shares of EMCOR Group stock. The stock was sold at an average price of $141.59, for a total transaction of $707,950.00.
EMCOR Group Price Performance
Shares of NYSE:EME opened at $144.03 on Friday. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 19.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.28 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $149.97 and a 200 day simple moving average of $130.16. EMCOR Group, Inc. has a one year low of $95.64 and a one year high of $156.67.
EMCOR Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.42%. The ex-dividend date is Friday, January 13th. EMCOR Group’s payout ratio is 8.08%.
Hedge Funds Weigh In On EMCOR Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. acquired a new position in EMCOR Group in the 1st quarter valued at approximately $26,000. Exchange Traded Concepts LLC acquired a new position in EMCOR Group in the 4th quarter valued at approximately $37,000. Parkside Financial Bank & Trust increased its position in EMCOR Group by 66.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC increased its position in EMCOR Group by 212.1% in the 2nd quarter. Parallel Advisors LLC now owns 284 shares of the construction company’s stock valued at $29,000 after acquiring an additional 193 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in EMCOR Group in the 1st quarter valued at approximately $35,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
EME has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of EMCOR Group from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 4th. StockNews.com initiated coverage on shares of EMCOR Group in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Finally, DA Davidson upped their price target on shares of EMCOR Group to $165.00 in a report on Tuesday, November 1st.
About EMCOR Group
EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: United States Electrical Construction and Facilities Services, United States Mechanical Construction and Facilities Services, United States Building Services, United States Industrial Services, and United Kingdom Building Services.
- Get a free copy of the StockNews.com research report on EMCOR Group (EME)
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