Ritholtz Wealth Management Trims Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Ritholtz Wealth Management lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,316 shares of the construction company’s stock after selling 251 shares during the period. Ritholtz Wealth Management’s holdings in EMCOR Group were worth $4,592,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC acquired a new stake in EMCOR Group in the 2nd quarter worth about $25,000. Zions Bancorporation N.A. purchased a new stake in EMCOR Group in the first quarter valued at approximately $26,000. Parkside Financial Bank & Trust raised its position 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 period. ST Germain D J Co. Inc. acquired a new position in shares of EMCOR Group in the second quarter worth $35,000. Finally, Arlington Trust Co LLC acquired a new position in shares of EMCOR Group in the third quarter worth $35,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EME has been the subject of several research reports. DA Davidson restated a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp started coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

EMCOR Group Trading Down 0.4 %

Shares of EME stock opened at $350.20 on Friday. EMCOR Group, Inc. has a 12 month low of $151.52 and a 12 month 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 firm has a fifty day moving average price of $280.63 and a 200 day moving average price of $235.59.

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

EMCOR Group Dividend Announcement

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

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.