Cumberland Partners Ltd Sells 950 Shares of EMCOR Group, Inc. (NYSE:EME)

Cumberland Partners Ltd lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 18.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,250 shares of the construction company’s stock after selling 950 shares during the quarter. Cumberland Partners Ltd’s holdings in EMCOR Group were worth $916,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. boosted its position in shares of EMCOR Group by 41.0% during 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 last quarter. Pacer Advisors Inc. boosted its position in shares of EMCOR Group by 3,091.7% during the 4th quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock valued at $67,645,000 after acquiring an additional 304,160 shares during the last quarter. Invesco Ltd. boosted its position in shares of EMCOR Group by 40.1% during the 3rd quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock valued at $193,412,000 after acquiring an additional 263,330 shares during the last quarter. FMR LLC boosted its position in shares of EMCOR Group by 7.3% during the 3rd quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock valued at $747,239,000 after acquiring an additional 241,920 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of EMCOR Group by 155.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 325,625 shares of the construction company’s stock valued at $68,509,000 after buying an additional 198,214 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE EME traded down $0.43 during mid-day trading on Wednesday, hitting $337.65. 339,432 shares of the stock traded hands, compared to its average volume of 417,441. The company has a market cap of $15.89 billion, a price-to-earnings ratio of 25.88 and a beta of 1.10. EMCOR Group, Inc. has a 52 week low of $155.46 and a 52 week high of $369.53. The stock has a fifty day moving average price of $323.00 and a 200-day moving average price of $253.31.

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

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a yield of 0.30%. EMCOR Group’s dividend payout ratio is presently 7.51%.

Insider Activity

In other news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

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

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.