S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
Is This The End of Capitalism? (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Asian shares mixed after last week's gains on Wall Street
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
Is This The End of Capitalism? (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Asian shares mixed after last week's gains on Wall Street
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
Is This The End of Capitalism? (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Asian shares mixed after last week's gains on Wall Street
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
Is This The End of Capitalism? (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Asian shares mixed after last week's gains on Wall Street

Glenmede Trust Co. NA Sells 15,933 Shares of EMCOR Group, Inc. (NYSE:EME)

Glenmede Trust Co. NA lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME - Get Rating) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,260 shares of the construction company's stock after selling 15,933 shares during the quarter. Glenmede Trust Co. NA owned 0.31% of EMCOR Group worth $16,889,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp grew its holdings in EMCOR Group by 3.6% during the first quarter. State Street Corp now owns 1,744,930 shares of the construction company's stock worth $196,531,000 after buying an additional 61,165 shares in the last quarter. FMR LLC grew its holdings in EMCOR Group by 20.9% during the second quarter. FMR LLC now owns 1,176,996 shares of the construction company's stock worth $121,183,000 after buying an additional 203,381 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in EMCOR Group by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,112,271 shares of the construction company's stock worth $128,446,000 after buying an additional 8,159 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in EMCOR Group by 2.3% during the third quarter. Lord Abbett & CO. LLC now owns 1,041,074 shares of the construction company's stock worth $120,223,000 after buying an additional 23,080 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in EMCOR Group by 13.8% in the 2nd quarter. TimesSquare Capital Management LLC now owns 742,095 shares of the construction company's stock valued at $76,406,000 after purchasing an additional 90,100 shares during the period. Institutional investors own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth


A number of research analysts have issued reports on the company. KeyCorp upped their price objective on EMCOR Group from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, November 4th. DA Davidson upped their price objective on EMCOR Group to $165.00 in a research note on Tuesday, November 1st. Finally, StockNews.com assumed coverage on EMCOR Group in a research note on Wednesday, October 12th. They issued a "strong-buy" rating for the company.

EMCOR Group Stock Performance

Shares of EME stock traded down $0.52 on Wednesday, hitting $146.03. 22,606 shares of the stock were exchanged, compared to its average volume of 212,444. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.96 billion, a PE ratio of 19.72 and a beta of 1.13. EMCOR Group, Inc. has a one year low of $95.64 and a one year high of $156.67. The firm's 50 day moving average is $149.64 and its two-hundred day moving average is $131.44.

EMCOR Group (NYSE:EME - Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The construction company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.05. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.71 billion. EMCOR Group had a return on equity of 18.65% and a net margin of 3.54%. Sell-side analysts expect that EMCOR Group, Inc. will post 7.78 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 17th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, January 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. EMCOR Group's payout ratio is 8.08%.

Insider Buying and Selling

In related news, EVP Maxine Lum Mauricio sold 2,500 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $149.62, for a total transaction of $374,050.00. Following the sale, the executive vice president now owns 26,478 shares of the company's stock, valued at approximately $3,961,638.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Maxine Lum Mauricio sold 2,500 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $149.62, for a total transaction of $374,050.00. Following the sale, the executive vice president now owns 26,478 shares of the company's stock, valued at approximately $3,961,638.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark A. Pompa sold 10,000 shares of the stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $135.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer now directly owns 101,143 shares in the company, valued at approximately $13,654,305. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock valued at $3,444,500. Corporate insiders own 1.70% of the company's stock.

About EMCOR Group

(Get Rating)

EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: United States Electrical Construction and Facilities Services, United States Mechanical Construction and Facilities Services, United States Building Services, United States Industrial Services, and United Kingdom Building Services.

Featured Stories

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME - Get Rating).

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in EMCOR Group right now?

Before you consider EMCOR Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EMCOR Group wasn't on the list.

While EMCOR Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Featured Articles and Offers

Search Headlines: