Shell Asset Management Co. Trims Stock Position in EMCOR Group, Inc. (NYSE:EME)

Shell Asset Management Co. cut its position in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,287 shares of the construction company’s stock after selling 1,569 shares during the period. Shell Asset Management Co.’s holdings in EMCOR Group were worth $1,139,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EME. Norges Bank purchased a new position in EMCOR Group during the fourth quarter worth about $153,739,000. Fuller & Thaler Asset Management Inc. raised its stake in EMCOR Group by 41.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock worth $224,813,000 after purchasing an additional 310,718 shares during the period. Pacer Advisors Inc. raised its stake in EMCOR Group by 3,091.7% during the fourth quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock worth $67,645,000 after purchasing an additional 304,160 shares during the period. Invesco Ltd. raised its stake in EMCOR Group by 40.1% during the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock worth $193,412,000 after purchasing an additional 263,330 shares during the period. Finally, FMR LLC raised its stake in EMCOR Group by 7.3% during the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock worth $747,239,000 after purchasing an additional 241,920 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, 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.

Check Out Our Latest Analysis on EME

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 1,245 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the sale, the director now owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Performance

NYSE:EME opened at $378.96 on Tuesday. EMCOR Group, Inc. has a fifty-two week low of $172.79 and a fifty-two week high of $401.98. The company has a 50 day moving average price of $367.25 and a 200 day moving average price of $293.86. The stock has a market capitalization of $17.81 billion, a P/E ratio of 25.00 and a beta of 1.08.

EMCOR Group (NYSE:EMEGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The company had revenue of $3.43 billion for the quarter. Research analysts forecast that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 15th. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

About EMCOR Group

(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.

See Also

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

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