Oak Thistle LLC Cuts Stock Position in EMCOR Group, Inc. (NYSE:EME)

Oak Thistle LLC decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 88.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,054 shares of the construction company’s stock after selling 8,121 shares during the quarter. Oak Thistle LLC’s holdings in EMCOR Group were worth $369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Treasurer of the State of North Carolina raised its position in EMCOR Group by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 20,590 shares of the construction company’s stock valued at $4,332,000 after purchasing an additional 100 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in EMCOR Group by 60.6% in the third quarter. Qube Research & Technologies Ltd now owns 106,935 shares of the construction company’s stock worth $22,498,000 after acquiring an additional 40,356 shares during the last quarter. Bank of Nova Scotia grew its holdings in EMCOR Group by 438.3% during the 3rd quarter. Bank of Nova Scotia now owns 6,788 shares of the construction company’s stock worth $1,428,000 after acquiring an additional 5,527 shares in the last quarter. Toronto Dominion Bank increased its position in shares of EMCOR Group by 867.2% in the 3rd quarter. Toronto Dominion Bank now owns 561 shares of the construction company’s stock valued at $118,000 after purchasing an additional 503 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at $984,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at EMCOR Group

In related news, Director Carol P. Lowe sold 1,245 shares of the 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 completion of the transaction, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Trading Down 1.5 %

EME stock opened at $359.66 on Tuesday. The company’s 50 day moving average is $375.84 and its two-hundred day moving average is $311.10. The stock has a market cap of $16.90 billion, a P/E ratio of 23.72 and a beta of 1.06. EMCOR Group, Inc. has a twelve month low of $180.63 and a twelve month high of $401.98.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. The business had revenue of $3.43 billion for the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. 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 disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, April 15th. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

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.