Prentiss Smith & Co. Inc. Sells 140 Shares of EMCOR Group, Inc. (NYSE:EME)

Prentiss Smith & Co. Inc. lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,091 shares of the construction company’s stock after selling 140 shares during the period. EMCOR Group accounts for about 1.9% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 21st largest position. Prentiss Smith & Co. Inc.’s holdings in EMCOR Group were worth $2,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Modus Advisors LLC raised its stake in EMCOR Group by 2.0% during the fourth 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. increased its position in EMCOR Group by 0.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock valued at $3,049,000 after acquiring an additional 50 shares during the last quarter. Lindbrook Capital LLC increased its position in EMCOR Group by 32.5% during the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock valued at $45,000 after acquiring an additional 51 shares during the last quarter. Synovus Financial Corp increased its position in EMCOR Group by 1.0% during the third quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock valued at $1,277,000 after acquiring an additional 62 shares during the last quarter. Finally, Allworth Financial LP increased 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 valued at $29,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 3.0 %

Shares of NYSE EME traded up $10.17 during mid-day trading on Thursday, reaching $349.06. The company had a trading volume of 826,166 shares, compared to its average volume of 425,175. The business’s 50-day moving average is $324.81 and its 200-day moving average is $253.91. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 25.46 and a beta of 1.10. EMCOR Group, Inc. has a 52 week low of $155.46 and a 52 week high of $369.53.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.96. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.36 billion. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.63 earnings per share. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 14.5 earnings per share for the current year.

EMCOR Group Increases Dividend

The business also recently declared 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 is Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.29%. EMCOR Group’s dividend payout ratio is presently 7.51%.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were 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 approximately $70,010,701.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EME. KeyCorp began coverage on shares of EMCOR Group in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. DA Davidson reiterated a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a research report on Friday, March 22nd.

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.