Algert Global LLC Has $446,000 Position in EMCOR Group, Inc. (NYSE:EME)

Algert Global LLC trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 97.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,222 shares of the construction company’s stock after selling 45,747 shares during the quarter. Algert Global LLC’s holdings in EMCOR Group were worth $446,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in shares of EMCOR Group during the second quarter worth $26,000. Proffitt & Goodson Inc. bought a new position in EMCOR Group in the second quarter valued at about $27,000. Innealta Capital LLC acquired a new stake in shares of EMCOR Group during the second quarter valued at about $29,000. ORG Partners LLC acquired a new stake in shares of EMCOR Group during the second quarter valued at about $31,000. Finally, Independence Bank of Kentucky bought a new stake in shares of EMCOR Group during the first quarter worth about $33,000. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EME shares. DA Davidson lifted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the sale, the director now owns 8,637 shares in the company, valued at $3,202,513.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.26% of the company’s stock.

EMCOR Group Trading Up 1.3 %

Shares of EME stock opened at $440.80 on Tuesday. The stock has a 50-day moving average of $387.30 and a 200-day moving average of $374.71. The stock has a market cap of $20.72 billion, a price-to-earnings ratio of 29.08 and a beta of 1.07. EMCOR Group, Inc. has a 1-year low of $191.50 and a 1-year high of $444.98.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.95 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

EMCOR Group Company 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.