Los Angeles Capital Management LLC Decreases Stake in EMCOR Group, Inc. (NYSE:EME)

Los Angeles Capital Management LLC reduced its stake in EMCOR Group, Inc. (NYSE:EME) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 358,814 shares of the construction company’s stock after selling 11,072 shares during the period. Los Angeles Capital Management LLC owned about 0.76% of EMCOR Group worth $77,299,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EME. Allworth Financial LP increased its stake in EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after purchasing an additional 62 shares during the period. Arlington Trust Co LLC purchased a new position in EMCOR Group in the 3rd quarter worth approximately $35,000. CVA Family Office LLC purchased a new position in EMCOR Group in the 4th quarter worth approximately $39,000. Cullen Frost Bankers Inc. purchased a new position in shares of EMCOR Group during the third quarter valued at approximately $42,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of EMCOR Group during the fourth quarter valued at approximately $43,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 0.1 %

Shares of EME traded up $0.32 during mid-day trading on Thursday, hitting $355.56. 159,484 shares of the company’s stock traded hands, compared to its average volume of 428,013. The firm has a market capitalization of $16.71 billion, a P/E ratio of 23.42 and a beta of 1.07. The business’s 50-day moving average price is $335.17 and its 200-day moving average price is $259.12. EMCOR Group, Inc. has a 1 year low of $161.49 and a 1 year high of $369.53.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, topping the consensus estimate of $2.92 by $1.25. The company had revenue of $3.43 billion for the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. Sell-side analysts anticipate that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.28%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

Insider Buying and Selling

In related news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the sale, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EME. KeyCorp began coverage on EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research note on Friday, March 22nd.

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.