1,599 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,599 shares of the construction company’s stock, valued at approximately $344,000.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC raised its position in EMCOR Group by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 4,795 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 206 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of EMCOR Group by 55.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,402 shares of the construction company’s stock valued at $505,000 after buying an additional 852 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of EMCOR Group by 16.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,608 shares of the construction company’s stock valued at $2,021,000 after buying an additional 1,344 shares during the period. Mackenzie Financial Corp lifted its stake in EMCOR Group by 2.1% during the 3rd quarter. Mackenzie Financial Corp now owns 3,326 shares of the construction company’s stock worth $678,000 after acquiring an additional 69 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in EMCOR Group by 10.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 257,428 shares of the construction company’s stock valued at $54,160,000 after acquiring an additional 23,865 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Trading Up 2.3 %

Shares of EME stock traded up $8.20 on Monday, reaching $371.97. 423,597 shares of the stock were exchanged, compared to its average volume of 428,347. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 24.00 and a beta of 1.07. The business’s 50 day moving average price is $338.99 and its 200 day moving average price is $261.75. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $376.70.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The company had revenue of $3.43 billion during the quarter. Equities research analysts forecast that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. 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 6.60%.

Analysts Set New Price Targets

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

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.