Lindbrook Capital LLC Acquires 51 Shares of EMCOR Group, Inc. (NYSE:EME)

Lindbrook Capital LLC boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208 shares of the construction company’s stock after purchasing an additional 51 shares during the quarter. Lindbrook Capital LLC’s holdings in EMCOR Group were worth $45,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allworth Financial LP raised its stake 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 buying an additional 62 shares during the last quarter. Arlington Trust Co LLC bought a new position in EMCOR Group in the 3rd quarter worth about $35,000. CVA Family Office LLC purchased a new stake in EMCOR Group during the 4th quarter valued at about $39,000. Cullen Frost Bankers Inc. purchased a new stake in EMCOR Group during the 3rd quarter valued at about $42,000. Finally, Global Retirement Partners LLC increased its stake in EMCOR Group by 28.1% during the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the construction company’s stock valued at $79,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on shares of EMCOR Group in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. DA Davidson reissued a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

EMCOR Group Price Performance

Shares of EME stock opened at $349.06 on Friday. The company’s fifty day moving average price is $326.74 and its 200-day moving average price is $254.57. EMCOR Group, Inc. has a one year low of $155.46 and a one year high of $369.53. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 26.23 and a beta of 1.10.

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 company had revenue of $3.44 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.63 EPS. Equities research analysts expect that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, April 15th. This is a positive change 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 (DPR) is 7.51%.

Insider Activity at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of the company’s 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 sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

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.