EMCOR Group, Inc. (NYSE:EME) Short Interest Update

EMCOR Group, Inc. (NYSE:EME - Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 404,600 shares, an increase of 12.9% from the March 31st total of 358,500 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 450,200 shares, the days-to-cover ratio is presently 0.9 days.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the transaction, 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 the SEC website. Insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in EMCOR Group by 7.3% in the 3rd quarter. FMR LLC now owns 3,551,683 shares of the construction company's stock valued at $747,239,000 after buying an additional 241,920 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in EMCOR Group by 41.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company's stock worth $224,813,000 after purchasing an additional 310,718 shares during the last quarter. Invesco Ltd. boosted its stake in shares of EMCOR Group by 40.1% during the 3rd quarter. Invesco Ltd. now owns 919,304 shares of the construction company's stock valued at $193,412,000 after buying an additional 263,330 shares during the last quarter. Norges Bank bought a new stake in shares of EMCOR Group in the fourth quarter worth $153,739,000. Finally, Burgundy Asset Management Ltd. boosted its stake in EMCOR Group by 3.9% during the 4th quarter. Burgundy Asset Management Ltd. now owns 679,902 shares of the construction company's stock valued at $146,471,000 after acquiring an additional 25,241 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

EME traded down $1.97 on Wednesday, reaching $355.20. 393,063 shares of the company's stock were exchanged, compared to its average volume of 431,270. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 23.46 and a beta of 1.10. EMCOR Group has a twelve month low of $161.49 and a twelve month high of $369.53. The company's 50 day moving average is $333.10 and its 200-day moving average is $258.45.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, topping analysts' consensus estimates 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. Sell-side analysts forecast that EMCOR Group will post 16.1 EPS for the current year.

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a $0.25 dividend. This is an increase from EMCOR Group's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.00 annualized dividend and a yield of 0.28%. EMCOR Group's dividend payout ratio (DPR) is 6.60%.

Analyst Ratings Changes

A number of research analysts have recently commented on EME shares. DA Davidson reaffirmed a "buy" rating and set a $375.00 price objective on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp began coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a "sector weight" rating for the company.

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.

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