983 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 983 shares of the construction company’s stock, valued at approximately $212,000.

Several other large investors have also recently modified their holdings of EME. Nordea Investment Management AB increased its position in EMCOR Group by 10.7% during the 4th quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock valued at $21,880,000 after purchasing an additional 9,752 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of EMCOR Group during the fourth quarter worth $992,000. Mirae Asset Global Investments Co. Ltd. raised its stake in EMCOR Group by 1.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,308 shares of the construction company’s stock worth $56,078,000 after buying an additional 2,880 shares during the last quarter. FMR LLC lifted its holdings in 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 during the period. Finally, Earnest Partners LLC bought a new stake in EMCOR Group during the third quarter valued at $2,212,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EME. KeyCorp started coverage on EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. 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.

EMCOR Group Trading Up 2.8 %

EME opened at $363.83 on Tuesday. The company has a market cap of $17.10 billion, a P/E ratio of 24.00 and a beta of 1.10. The company has a fifty day moving average price of $330.98 and a two-hundred day moving average price of $257.35. EMCOR Group, Inc. has a 1-year low of $161.49 and a 1-year high of $369.53.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The business had revenue of $3.43 billion for the quarter. On average, research analysts forecast that EMCOR Group, Inc. will post 16 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.25 dividend. The ex-dividend date is Monday, April 15th. This represents a $1.00 annualized dividend and a yield of 0.27%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the transaction, the chief executive officer now directly 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 can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

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.