Chase Investment Counsel Corp Has $2.65 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Chase Investment Counsel Corp cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,309 shares of the construction company’s stock after selling 118 shares during the quarter. Chase Investment Counsel Corp’s holdings in EMCOR Group were worth $2,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP raised its stake in shares of EMCOR Group by 83.8% during the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after acquiring an additional 62 shares during the last quarter. Arlington Trust Co LLC acquired a new position in EMCOR Group during the 3rd quarter worth about $35,000. CVA Family Office LLC bought a new stake in shares of EMCOR Group in the 4th quarter valued at about $39,000. Cullen Frost Bankers Inc. acquired a new stake in shares of EMCOR Group in the third quarter valued at about $42,000. Finally, Alaska Permanent Fund Corp bought a new position in shares of EMCOR Group during the fourth quarter worth about $43,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the business’s 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 transaction, the chief executive officer now owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

EMCOR Group Stock Up 2.7 %

NYSE:EME traded up $9.69 during trading hours on Monday, reaching $363.71. The company had a trading volume of 378,065 shares, compared to its average volume of 426,706. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $369.53. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of 23.35 and a beta of 1.10. The business’s 50-day simple moving average is $328.76 and its two-hundred day simple moving average is $256.25.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. The firm had revenue of $3.43 billion during the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. As a group, equities analysts predict that EMCOR Group, Inc. will post 16 earnings per share for the current 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.27%. EMCOR Group’s payout ratio is 6.60%.

EMCOR Group Profile

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.