Csenge Advisory Group Sells 136 Shares of EMCOR Group, Inc. (NYSE:EME)

Csenge Advisory Group cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 10.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,143 shares of the construction company’s stock after selling 136 shares during the period. Csenge Advisory Group’s holdings in EMCOR Group were worth $400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in EMCOR Group by 89.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after acquiring an additional 10,269 shares during the last quarter. Hennessy Advisors Inc. lifted its position in EMCOR Group by 18.9% during the 1st quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock worth $50,114,000 after acquiring an additional 22,700 shares during the last quarter. BNP Paribas Financial Markets lifted its position in EMCOR Group by 92.8% during the 1st quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock worth $35,901,000 after acquiring an additional 49,346 shares during the last quarter. AXS Investments LLC lifted its position in EMCOR Group by 238.7% during the 4th quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock worth $905,000 after acquiring an additional 2,960 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in EMCOR Group during the 4th quarter worth $9,565,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the sale, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME traded up $3.83 during trading hours on Thursday, reaching $376.59. 121,627 shares of the company traded hands, compared to its average volume of 464,152. The stock’s fifty day moving average is $377.97 and its 200 day moving average is $317.77. The stock has a market cap of $17.70 billion, a P/E ratio of 24.57 and a beta of 1.06. EMCOR Group, Inc. has a 1-year low of $186.00 and a 1-year high of $401.98.

EMCOR Group (NYSE:EME) last posted 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 net margin of 5.48% and a return on equity of 30.38%. The firm had revenue of $3.43 billion during the quarter. On average, equities research analysts predict that EMCOR Group, Inc. will post 16.1 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.27%. EMCOR Group’s dividend payout ratio is 6.60%.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “buy” rating and set a $375.00 price objective on shares of EMCOR Group in a research report on Friday, March 22nd.

EMCOR Group Company 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.