EMCOR Group, Inc. (NYSE:EME) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 226,965 shares of the construction company’s stock after selling 67,197 shares during the quarter. Goldman Sachs Group Inc. owned 0.48% of EMCOR Group worth $48,895,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of EME. Norges Bank purchased a new position in shares of EMCOR Group in the 4th quarter valued at about $153,739,000. Pacer Advisors Inc. increased its holdings 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 valued at $67,645,000 after purchasing an additional 304,160 shares in the last quarter. Invesco Ltd. increased its holdings 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 valued at $193,412,000 after purchasing an additional 263,330 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of EMCOR Group by 93.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 426,083 shares of the construction company’s stock valued at $91,791,000 after purchasing an additional 205,793 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in EMCOR Group by 30.2% during the 3rd quarter. AQR Capital Management LLC now owns 426,706 shares of the construction company’s stock valued at $89,775,000 after acquiring an additional 98,989 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.7 %

NYSE:EME opened at $385.68 on Thursday. The firm has a 50-day moving average price of $370.73 and a two-hundred day moving average price of $301.56. EMCOR Group, Inc. has a twelve month low of $173.24 and a twelve month high of $401.98. The company has a market capitalization of $18.13 billion, a P/E ratio of 25.44 and a beta of 1.08.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, beating 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 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. Shareholders of record on Tuesday, April 16th were paid 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 dividend yield of 0.26%. The ex-dividend date was Monday, April 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the firm’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 approximately $6,289,683.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About EMCOR Group

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.