Kolinsky Wealth Management LLC Decreases Holdings in EMCOR Group, Inc. (NYSE:EME)

Kolinsky Wealth Management LLC decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 58.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,164 shares of the construction company’s stock after selling 1,653 shares during the period. Kolinsky Wealth Management LLC’s holdings in EMCOR Group were worth $528,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Perigon Wealth Management LLC raised its holdings in shares of EMCOR Group by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after buying an additional 19 shares during the last quarter. Adirondack Trust Co. grew its stake in shares of EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after buying an additional 20 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in EMCOR Group by 1.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after acquiring an additional 21 shares in the last quarter. Petra Financial Advisors Inc. lifted its stake in shares of EMCOR Group by 1.4% in the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company’s stock worth $789,000 after acquiring an additional 24 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after buying an additional 25 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.6%

EMCOR Group stock opened at $472.80 on Wednesday. The business’s fifty day simple moving average is $400.62 and its two-hundred day simple moving average is $443.36. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 24.01 and a beta of 1.18. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company posted $4.17 earnings per share. EMCOR Group’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. EMCOR Group’s payout ratio is presently 4.42%.

Insider Activity

In related news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the sale, the chief executive officer now owns 208,989 shares of the company’s stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the transaction, the director now owns 7,094 shares in the company, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,197 shares of company stock valued at $3,905,748. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

EME has been the topic of several research reports. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus decreased their target price on EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.50.

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.