Vestmark Advisory Solutions Inc. Sells 448 Shares of EMCOR Group, Inc. (NYSE:EME)

Vestmark Advisory Solutions Inc. trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,708 shares of the construction company’s stock after selling 448 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.06% of EMCOR Group worth $5,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EME. Allworth Financial LP lifted its stake in EMCOR Group by 83.8% during the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after purchasing an additional 62 shares during the last quarter. CVA Family Office LLC bought a new stake in EMCOR Group in the fourth quarter worth $39,000. Benjamin F. Edwards & Company Inc. boosted its position in EMCOR Group by 182.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company’s stock valued at $42,000 after buying an additional 126 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of EMCOR Group in the 3rd quarter valued at about $42,000. Finally, Alaska Permanent Fund Corp purchased a new stake in EMCOR Group during the 4th quarter valued at about $43,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson reaffirmed a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Stock Performance

EME stock traded up $7.48 on Friday, reaching $363.77. The company’s stock had a trading volume of 330,998 shares, compared to its average volume of 480,061. The business has a fifty day simple moving average of $338.99 and a two-hundred day simple moving average of $261.30. The firm has a market cap of $17.10 billion, a PE ratio of 24.00 and a beta of 1.07. EMCOR Group, Inc. has a 12-month low of $161.49 and a 12-month high of $369.53.

EMCOR Group (NYSE:EME) last announced its 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. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The firm had revenue of $3.43 billion for the quarter. As a group, research analysts anticipate that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is currently 6.60%.

Insider Activity

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

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.