EMCOR Group, Inc. (NYSE:EME) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 31.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,225 shares of the construction company’s stock after selling 3,273 shares during the quarter. SG Americas Securities LLC’s holdings in EMCOR Group were worth $1,556,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EME. Norges Bank acquired a new stake in shares of EMCOR Group during the 4th quarter worth approximately $63,867,000. JPMorgan Chase & Co. grew its stake in EMCOR Group by 96.7% in the 1st quarter. JPMorgan Chase & Co. now owns 651,082 shares of the construction company’s stock valued at $105,859,000 after acquiring an additional 320,153 shares during the period. Fuller & Thaler Asset Management Inc. grew 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. Comerica Bank acquired a new stake in EMCOR Group in the 2nd quarter valued at $490,520,000. Finally, Morgan Stanley grew its stake in EMCOR Group by 103.1% in the 4th quarter. Morgan Stanley now owns 521,712 shares of the construction company’s stock valued at $77,271,000 after acquiring an additional 264,826 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson reaffirmed a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Price Performance

NYSE EME opened at $350.20 on Friday. EMCOR Group, Inc. has a 1-year low of $151.52 and a 1-year high of $354.73. The company has a market cap of $16.48 billion, a P/E ratio of 26.31 and a beta of 1.09. The stock has a 50-day moving average of $280.63 and a two-hundred day moving average of $235.59.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.96. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts anticipate that EMCOR Group, Inc. will post 14.5 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Friday, January 12th. EMCOR Group’s payout ratio is 5.41%.

Insiders Place Their Bets

In other EMCOR Group 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 value of $1,917,900.00. Following the completion of the transaction, the chief executive officer now owns 219,023 shares in the company, valued at $70,010,701.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

About EMCOR Group

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.