Los Angeles Capital Management LLC Sells 11,072 Shares of EMCOR Group, Inc. (NYSE:EME)

Los Angeles Capital Management LLC cut its position in shares of EMCOR Group, Inc. (NYSE:EME) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 358,814 shares of the construction company’s stock after selling 11,072 shares during the period. Los Angeles Capital Management LLC’s holdings in EMCOR Group were worth $77,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of EME. Fuller & Thaler Asset Management Inc. raised its position in shares of EMCOR Group by 41.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock worth $224,813,000 after acquiring an additional 310,718 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of EMCOR Group by 3,091.7% in the 4th quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock worth $67,645,000 after acquiring an additional 304,160 shares in the last quarter. Invesco Ltd. raised its position in shares of EMCOR Group by 40.1% in the 3rd quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock worth $193,412,000 after acquiring an additional 263,330 shares in the last quarter. FMR LLC raised its position in shares of EMCOR Group by 7.3% in the 3rd quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock worth $747,239,000 after acquiring an additional 241,920 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of EMCOR Group by 155.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 325,625 shares of the construction company’s stock worth $68,509,000 after acquiring an additional 198,214 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling 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 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 owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

EMCOR Group Stock Performance

NYSE: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 company has a fifty day moving average of $335.17 and a 200 day moving average of $259.12. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $369.53. The company has a market capitalization of $16.71 billion, a P/E ratio of 23.42 and a beta of 1.07.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect 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. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.28%. The ex-dividend date was Monday, April 15th. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s payout ratio is presently 6.60%.

Wall Street Analyst Weigh In

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