EMCOR Group, Inc. (NYSE:EME) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in EMCOR Group, Inc. (NYSE:EMEGet Rating) by 3.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,961 shares of the construction company’s stock after selling 129 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in EMCOR Group were worth $458,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EME. Parkside Financial Bank & Trust boosted its holdings in EMCOR Group by 66.2% in the first quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. CWM LLC boosted its holdings in EMCOR Group by 52.3% in the third quarter. CWM LLC now owns 358 shares of the construction company’s stock valued at $41,000 after purchasing an additional 123 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in EMCOR Group by 5.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,478 shares of the construction company’s stock valued at $286,000 after purchasing an additional 125 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in EMCOR Group by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 32,645 shares of the construction company’s stock valued at $3,361,000 after purchasing an additional 140 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in EMCOR Group by 4.5% in the first quarter. Mackenzie Financial Corp now owns 3,253 shares of the construction company’s stock valued at $366,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity at EMCOR Group

In related news, EVP Maxine Lum Mauricio sold 2,500 shares of the firm’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 value of $374,050.00. Following the sale, the executive vice president now directly owns 26,478 shares in the company, valued at approximately $3,961,638.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Mark A. Pompa sold 10,000 shares of EMCOR Group stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $135.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer now directly owns 101,143 shares in the company, valued at approximately $13,654,305. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Maxine Lum Mauricio sold 2,500 shares of EMCOR Group stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $149.62, for a total value of $374,050.00. Following the transaction, the executive vice president now owns 26,478 shares in the company, valued at $3,961,638.36. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,444,500 in the last three months. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on EME shares. DA Davidson increased their target price on EMCOR Group to $165.00 in a report on Tuesday, November 1st. KeyCorp increased their target price on EMCOR Group from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 4th. Finally, StockNews.com started coverage on EMCOR Group in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock.

EMCOR Group Trading Up 0.9 %

Shares of NYSE EME opened at $145.32 on Monday. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 19.56 and a beta of 1.13. EMCOR Group, Inc. has a 12-month low of $95.64 and a 12-month high of $156.67. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $149.86 and its 200 day simple moving average is $130.84.

EMCOR Group (NYSE:EMEGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The construction company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.05. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.71 billion. EMCOR Group had a return on equity of 18.65% and a net margin of 3.54%. Equities research analysts expect that EMCOR Group, Inc. will post 7.78 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, January 13th. EMCOR Group’s dividend payout ratio is currently 8.08%.

About EMCOR Group

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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.

Further Reading

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EMEGet Rating).

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

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