EMCOR Group, Inc. (NYSE:EME) Shares Sold by Prentiss Smith & Co. Inc.

Prentiss Smith & Co. Inc. decreased its position in EMCOR Group, Inc. (NYSE:EME) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,091 shares of the construction company’s stock after selling 140 shares during the quarter. EMCOR Group accounts for approximately 1.9% of Prentiss Smith & Co. Inc.’s holdings, making the stock its 21st largest position. Prentiss Smith & Co. Inc.’s holdings in EMCOR Group were worth $2,605,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in EME. AE Wealth Management LLC bought a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $295,000. SG Americas Securities LLC grew its holdings in shares of EMCOR Group by 1,042.3% in the 3rd quarter. SG Americas Securities LLC now owns 10,498 shares of the construction company’s stock worth $2,209,000 after acquiring an additional 9,579 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of EMCOR Group by 93.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,003 shares of the construction company’s stock worth $421,000 after acquiring an additional 966 shares during the last quarter. Caprock Group LLC grew its holdings in shares of EMCOR Group by 3.8% in the 3rd quarter. Caprock Group LLC now owns 1,892 shares of the construction company’s stock worth $398,000 after acquiring an additional 69 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in shares of EMCOR Group during the third quarter valued at $1,685,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the sale, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at approximately $70,010,701.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

EMCOR Group Trading Up 3.0 %

NYSE:EME traded up $10.17 during mid-day trading on Thursday, hitting $349.06. 826,166 shares of the company’s stock traded hands, compared to its average volume of 425,175. The firm has a 50 day moving average of $324.81 and a two-hundred day moving average of $253.91. EMCOR Group, Inc. has a 12 month low of $155.46 and a 12 month high of $369.53. The firm has a market capitalization of $16.43 billion, a price-to-earnings ratio of 25.46 and a beta of 1.10.

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

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.29%. EMCOR Group’s dividend payout ratio is presently 7.51%.

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.