Wallace Advisory Group LLC Cuts Stake in EMCOR Group, Inc. (NYSE:EME)

Wallace Advisory Group LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 14.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,038 shares of the construction company’s stock after selling 181 shares during the quarter. Wallace Advisory Group LLC’s holdings in EMCOR Group were worth $364,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Paralel Advisors LLC raised its stake in shares of EMCOR Group by 1.2% during the 3rd quarter. Paralel Advisors LLC now owns 11,763 shares of the construction company’s stock worth $2,475,000 after buying an additional 135 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in EMCOR Group in the third quarter valued at $444,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of EMCOR Group during the 3rd quarter worth $1,219,000. Prescott Group Capital Management L.L.C. acquired a new position in shares of EMCOR Group during the 3rd quarter worth $1,262,000. Finally, Trexquant Investment LP increased its holdings in shares of EMCOR Group by 166.9% in the 3rd quarter. Trexquant Investment LP now owns 18,730 shares of the construction company’s stock valued at $3,941,000 after purchasing an additional 11,712 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

Check Out Our Latest Stock Analysis on EMCOR Group

EMCOR Group Stock Down 0.9 %

NYSE EME traded down $3.47 during mid-day trading on Tuesday, hitting $377.31. The stock had a trading volume of 246,152 shares, compared to its average volume of 463,782. The company has a 50 day simple moving average of $372.65 and a 200 day simple moving average of $305.76. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 25.12 and a beta of 1.08. EMCOR Group, Inc. has a 52-week low of $176.26 and a 52-week high of $401.98.

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

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Monday, April 15th. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is 6.60%.

Insider Activity

In related news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the transaction, the director now directly owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.26% of the company’s stock.

EMCOR Group Profile

(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.

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

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