EMCOR Group, Inc. (NYSE:EME) Shares Sold by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 13.5% in the fourth quarter, HoldingsChannel reports. The fund owned 94,460 shares of the construction company’s stock after selling 14,718 shares during the quarter. EMCOR Group accounts for 5.3% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 3rd biggest holding. Kirr Marbach & Co. LLC IN’s holdings in EMCOR Group were worth $20,350,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of EMCOR Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 6,152,648 shares of the construction company’s stock valued at $1,000,359,000 after buying an additional 47,507 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of EMCOR Group by 2.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,565,326 shares of the construction company’s stock valued at $579,687,000 after buying an additional 82,360 shares during the last quarter. FMR LLC lifted its holdings in shares of EMCOR Group by 7.3% during the 3rd quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock valued at $747,239,000 after buying an additional 241,920 shares during the last quarter. State Street Corp lifted its holdings in shares of EMCOR Group by 3.6% during the 1st quarter. State Street Corp now owns 1,744,930 shares of the construction company’s stock valued at $196,531,000 after buying an additional 61,165 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of EMCOR Group by 41.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock valued at $224,813,000 after buying an additional 310,718 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Price Performance

EME traded down $1.47 on Tuesday, hitting $345.80. The company had a trading volume of 90,646 shares, compared to its average volume of 410,028. The company’s fifty day moving average price is $309.31 and its 200 day moving average price is $246.85. EMCOR Group, Inc. has a 1-year low of $155.14 and a 1-year high of $369.53. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 26.09 and a beta of 1.10.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, topping the consensus estimate of $3.51 by $0.96. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.36 billion. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 EPS. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a $0.25 dividend. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.29%. The ex-dividend date is Monday, April 15th. EMCOR Group’s payout ratio is currently 5.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. KeyCorp assumed coverage on EMCOR Group in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. DA Davidson restated a “buy” rating and issued a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd.

Insider Activity

In other news, CEO Anthony Guzzi sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 $70,010,701.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.

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.