Harvest Fund Management Co. Ltd Sells 381 Shares of EMCOR Group, Inc. (NYSE:EME)

Harvest Fund Management Co. Ltd lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 961 shares of the construction company’s stock after selling 381 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in EMCOR Group were worth $207,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Modus Advisors LLC boosted its position in EMCOR Group by 2.0% in the fourth quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock valued at $539,000 after buying an additional 49 shares in the last quarter. Daiwa Securities Group Inc. grew its position in EMCOR Group by 0.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock worth $3,049,000 after acquiring an additional 50 shares during the last quarter. Lindbrook Capital LLC increased its holdings in EMCOR Group by 32.5% in the 4th quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after purchasing an additional 51 shares in the last quarter. Synovus Financial Corp increased its holdings in EMCOR Group by 1.0% in the 3rd quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock worth $1,277,000 after purchasing an additional 62 shares in the last quarter. Finally, 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 last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Up 4.8 %

Shares of EME opened at $354.99 on Thursday. The stock’s 50-day moving average price is $324.81 and its two-hundred day moving average price is $253.91. EMCOR Group, Inc. has a 12 month low of $155.46 and a 12 month high of $369.53. The company has a market capitalization of $16.71 billion, a PE ratio of 25.46 and a beta of 1.10.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data 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 company had revenue of $3.44 billion for 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 quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.63 earnings per share. Equities research analysts predict that EMCOR Group, Inc. will post 14.5 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.25 per share. 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 annualized dividend and a dividend yield of 0.28%. EMCOR Group’s dividend payout ratio is 7.51%.

Insider Buying and Selling

In related news, CEO Anthony Guzzi sold 6,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 219,023 shares in the company, valued at approximately $70,010,701.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.