EMCOR Group, Inc. (NYSE:EME) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd cut its stake in EMCOR Group, Inc. (NYSE:EME) by 28.4% in the fourth quarter, HoldingsChannel reports. The fund owned 961 shares of the construction company’s stock after selling 381 shares during the period. Harvest Fund Management Co. Ltd’s holdings in EMCOR Group were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of EME. Modus Advisors LLC increased its stake in shares of EMCOR Group by 2.0% in the 4th quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock valued at $539,000 after purchasing an additional 49 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of EMCOR Group by 0.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock worth $3,049,000 after buying an additional 50 shares in the last quarter. Lindbrook Capital LLC grew its stake in EMCOR Group by 32.5% during the 4th quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock valued at $45,000 after acquiring an additional 51 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of EMCOR Group by 1.0% in the third quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock valued at $1,277,000 after purchasing an additional 62 shares during the last quarter. Finally, Allworth Financial LP lifted its position 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 buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Activity at EMCOR Group

In other EMCOR Group 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 transaction of $1,917,900.00. Following the transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

EME has been the topic of several 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 began coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock.

EMCOR Group Stock Up 4.8 %

EME stock opened at $354.99 on Thursday. EMCOR Group, Inc. has a 52-week low of $155.46 and a 52-week high of $369.53. The business has a fifty day moving average of $324.81 and a two-hundred day moving average of $253.91. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 25.46 and a beta of 1.10.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share (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 firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period 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, sell-side analysts anticipate that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) 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.