Insider Selling: Emcor Group Inc (EME) Chairman Sells 12,314 Shares of Stock
Emcor Group Inc (NYSE:EME) Chairman Anthony Guzzi sold 12,314 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $78.07, for a total value of $961,353.98. Following the completion of the sale, the chairman now directly owns 394,190 shares of the company’s stock, valued at approximately $30,774,413.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Anthony Guzzi also recently made the following trade(s):
- On Thursday, April 4th, Anthony Guzzi sold 7,232 shares of Emcor Group stock. The shares were sold at an average price of $75.06, for a total value of $542,833.92.
- On Monday, April 1st, Anthony Guzzi sold 1,000 shares of Emcor Group stock. The shares were sold at an average price of $75.00, for a total value of $75,000.00.
Shares of NYSE:EME opened at $79.80 on Wednesday. Emcor Group Inc has a 1 year low of $57.29 and a 1 year high of $82.04. The stock has a market cap of $4.46 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.16.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 18th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. Emcor Group’s dividend payout ratio is presently 6.52%.
A number of large investors have recently made changes to their positions in EME. Norges Bank purchased a new position in shares of Emcor Group during the 4th quarter worth approximately $39,911,000. Fiera Capital Corp grew its holdings in shares of Emcor Group by 28.1% during the 4th quarter. Fiera Capital Corp now owns 737,008 shares of the construction company’s stock worth $43,992,000 after acquiring an additional 161,524 shares during the period. BlackRock Inc. grew its holdings in shares of Emcor Group by 1.7% during the 4th quarter. BlackRock Inc. now owns 6,848,177 shares of the construction company’s stock worth $408,769,000 after acquiring an additional 117,137 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Emcor Group by 29.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 482,241 shares of the construction company’s stock worth $28,785,000 after acquiring an additional 108,919 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Emcor Group by 13.6% during the 4th quarter. Geode Capital Management LLC now owns 900,415 shares of the construction company’s stock worth $53,745,000 after acquiring an additional 107,927 shares during the period. Institutional investors own 95.49% of the company’s stock.
EME has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Emcor Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. ValuEngine upgraded Emcor Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Maxim Group restated a “hold” rating and set a $73.00 price target (up previously from $68.00) on shares of Emcor Group in a report on Wednesday, March 6th.
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Emcor Group Company Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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