EMCOR Group, Inc. (NYSE:EME) Shares Sold by Hahn Capital Management LLC

Hahn Capital Management LLC lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,939 shares of the construction company's stock after selling 3,892 shares during the period. EMCOR Group comprises about 5.1% of Hahn Capital Management LLC's portfolio, making the stock its 5th biggest holding. Hahn Capital Management LLC owned about 0.13% of EMCOR Group worth $12,697,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in EMCOR Group by 5.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the construction company's stock valued at $273,000 after purchasing an additional 135 shares during the last quarter. PNC Financial Services Group Inc. raised its position in EMCOR Group by 3.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,156 shares of the construction company's stock valued at $580,000 after purchasing an additional 189 shares during the last quarter. Bank of Montreal Can raised its position in EMCOR Group by 3.4% in the first quarter. Bank of Montreal Can now owns 8,037 shares of the construction company's stock valued at $928,000 after purchasing an additional 264 shares during the last quarter. Acadian Asset Management LLC raised its position in EMCOR Group by 160.4% in the first quarter. Acadian Asset Management LLC now owns 4,828 shares of the construction company's stock valued at $543,000 after purchasing an additional 2,974 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of EMCOR Group by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,561 shares of the construction company's stock valued at $2,203,000 after buying an additional 1,865 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent research reports. DA Davidson reissued a "buy" rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp initiated coverage on EMCOR Group in a research note on Wednesday, January 10th. They issued a "sector weight" rating for the company.

EMCOR Group Trading Up 1.0 %

NYSE EME traded up $3.39 during trading hours on Tuesday, hitting $358.26. 324,049 shares of the company's stock were exchanged, compared to its average volume of 415,095. The stock has a 50-day simple moving average of $288.61 and a 200 day simple moving average of $238.73. EMCOR Group, Inc. has a 1-year low of $151.52 and a 1-year high of $358.99. The firm has a market cap of $16.86 billion, a price-to-earnings ratio of 26.92 and a beta of 1.10.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, topping the consensus estimate of $3.51 by $0.96. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The business had revenue of $3.44 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same quarter last year, the firm posted $2.63 earnings per share. The firm's revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 16th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Friday, January 12th. EMCOR Group's dividend payout ratio (DPR) is presently 5.41%.

Insider Activity

In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

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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