Kirr Marbach & Co. LLC IN Decreases Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Kirr Marbach & Co. LLC IN lowered its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 14.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,982 shares of the construction company's stock after selling 9,943 shares during the period. EMCOR Group makes up 5.1% of Kirr Marbach & Co. LLC IN's holdings, making the stock its 3rd biggest holding. Kirr Marbach & Co. LLC IN owned 0.13% of EMCOR Group worth $22,171,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC grew its position in EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after acquiring an additional 29 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in EMCOR Group in the fourth quarter valued at about $40,000. Summit Securities Group LLC bought a new position in EMCOR Group in the fourth quarter valued at about $45,000. Park Square Financial Group LLC bought a new position in EMCOR Group in the fourth quarter valued at about $48,000. Finally, True Wealth Design LLC grew its position in EMCOR Group by 24.3% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer now directly owns 208,989 shares of the company's stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director now directly owns 7,094 shares in the company, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

EMCOR Group Stock Performance

NYSE:EME opened at $495.31 on Tuesday. The stock has a market cap of $22.17 billion, a P/E ratio of 21.89 and a beta of 1.23. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The stock's 50-day moving average is $448.32 and its 200-day moving average is $438.08. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The firm's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.17 earnings per share. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio is currently 4.42%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EME shares. Stifel Nicolaus decreased their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. UBS Group started coverage on EMCOR Group in a report on Friday, June 13th. They set a "buy" rating and a $570.00 price target on the stock. Finally, Wall Street Zen cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $509.60.

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.

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