Marks Group Wealth Management Inc Has $8.49 Million Position in EMCOR Group, Inc. (NYSE:EME)

Marks Group Wealth Management Inc trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 39,396 shares of the construction company’s stock after selling 1,570 shares during the period. EMCOR Group makes up about 1.0% of Marks Group Wealth Management Inc’s portfolio, making the stock its 18th largest position. Marks Group Wealth Management Inc’s holdings in EMCOR Group were worth $8,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of EME. Fuller & Thaler Asset Management Inc. raised its position in shares of EMCOR Group by 41.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock worth $224,813,000 after purchasing an additional 310,718 shares during the period. Pacer Advisors Inc. raised its holdings in EMCOR Group by 3,091.7% during the fourth quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock worth $67,645,000 after buying an additional 304,160 shares during the last quarter. Invesco Ltd. raised its holdings in EMCOR Group by 40.1% during the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock worth $193,412,000 after buying an additional 263,330 shares during the last quarter. FMR LLC lifted its stake in shares of EMCOR Group by 7.3% in the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock valued at $747,239,000 after buying an additional 241,920 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of EMCOR Group by 155.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 325,625 shares of the construction company’s stock valued at $68,509,000 after buying an additional 198,214 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EME. DA Davidson restated a “buy” rating and issued a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd. KeyCorp assumed coverage on EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company.

EMCOR Group Price Performance

Shares of NYSE EME traded up $4.22 during trading on Monday, hitting $332.85. The stock had a trading volume of 449,831 shares, compared to its average volume of 418,996. The firm has a fifty day moving average of $321.10 and a two-hundred day moving average of $252.39. The company has a market capitalization of $15.66 billion, a PE ratio of 25.01 and a beta of 1.10. EMCOR Group, Inc. has a 12 month low of $155.46 and a 12 month high of $369.53.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.36 billion. During the same quarter last year, the company earned $2.63 earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities analysts expect that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently disclosed 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 of this dividend is Monday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.30%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s payout ratio is currently 7.51%.

Insider Activity at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction that occurred 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 owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.

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.