EMCOR Group, Inc. (NYSE:EME) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 241,753 shares of the construction company’s stock after selling 18,555 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in EMCOR Group were worth $84,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. V Square Quantitative Management LLC purchased a new stake in EMCOR Group in the first quarter valued at $28,000. Allworth Financial LP raised its position in EMCOR Group by 83.8% in the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock valued at $29,000 after purchasing an additional 62 shares during the period. Independence Bank of Kentucky purchased a new stake in EMCOR Group in the first quarter valued at $33,000. CVA Family Office LLC purchased a new stake in EMCOR Group in the fourth quarter valued at $39,000. Finally, Evermay Wealth Management LLC purchased a new stake in shares of EMCOR Group in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of EME stock traded down $8.55 on Friday, hitting $362.54. The stock had a trading volume of 290,202 shares, compared to its average volume of 434,758. The firm has a market capitalization of $17.04 billion, a P/E ratio of 23.93 and a beta of 1.06. EMCOR Group, Inc. has a 1 year low of $180.63 and a 1 year high of $401.98. The company’s 50 day moving average price is $377.48 and its 200-day moving average price is $313.92.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $1.25. The firm had revenue of $3.43 billion for the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. On average, equities analysts forecast that EMCOR Group, Inc. will post 16.1 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.28%. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the sale, the director now owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.