EMCOR Group, Inc. (NYSE:EME) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 592,611 shares of the construction company’s stock after selling 7,595 shares during the period. Wells Fargo & Company MN’s holdings in EMCOR Group were worth $127,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EME. Norges Bank acquired a new position in shares of EMCOR Group during the fourth quarter worth $153,739,000. Fuller & Thaler Asset Management Inc. boosted its stake in EMCOR Group by 41.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock valued at $224,813,000 after acquiring an additional 310,718 shares in the last quarter. Pacer Advisors Inc. boosted its stake in EMCOR Group by 3,091.7% in the fourth quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock valued at $67,645,000 after acquiring an additional 304,160 shares in the last quarter. Invesco Ltd. boosted its stake in EMCOR Group by 40.1% in the third quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock valued at $193,412,000 after acquiring an additional 263,330 shares in the last quarter. Finally, FMR LLC boosted its stake in EMCOR Group by 7.3% in the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock valued at $747,239,000 after acquiring an additional 241,920 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group 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 completion of the sale, the chief executive officer now directly owns 219,023 shares in the company, valued at approximately $70,010,701.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Performance

Shares of NYSE:EME opened at $388.41 on Thursday. The company has a 50-day simple moving average of $356.16 and a 200-day simple moving average of $277.59. EMCOR Group, Inc. has a one year low of $161.49 and a one year high of $392.61. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 25.62 and a beta of 1.07.

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. The firm had revenue of $3.43 billion during the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. As a group, research analysts forecast that EMCOR Group, Inc. will post 16.1 EPS 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 issued a dividend of $0.25 per share. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date was Monday, April 15th. EMCOR Group’s dividend payout ratio is currently 6.60%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and issued a $375.00 price objective 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.