Uncommon Cents Investing LLC Sells 560 Shares of EMCOR Group, Inc. (NYSE:EME)

Uncommon Cents Investing LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,860 shares of the construction company’s stock after selling 560 shares during the quarter. Uncommon Cents Investing LLC’s holdings in EMCOR Group were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of EME. Norges Bank bought a new position in shares of EMCOR Group during the 4th quarter valued at $63,867,000. JPMorgan Chase & Co. raised its holdings in EMCOR Group by 96.7% in the 1st quarter. JPMorgan Chase & Co. now owns 651,082 shares of the construction company’s stock worth $105,859,000 after purchasing an additional 320,153 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in EMCOR Group by 41.0% in the 3rd 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% in the 4th quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock worth $67,645,000 after purchasing an additional 304,160 shares during the period. Finally, Comerica Bank bought a new position in EMCOR Group in the 2nd quarter worth $490,520,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Down 0.4 %

EME opened at $350.20 on Friday. The firm has a market cap of $16.48 billion, a P/E ratio of 26.31 and a beta of 1.09. EMCOR Group, Inc. has a 12 month low of $151.52 and a 12 month high of $354.73. The stock has a 50-day moving average of $280.63 and a 200 day moving average of $235.59.

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

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, January 12th. This represents a $0.72 annualized dividend and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.41%.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of recent research reports. KeyCorp initiated coverage on EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson reissued a “buy” rating and set a $375.00 price target 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.