WCM Investment Management LLC Purchases 3,105 Shares of EMCOR Group, Inc. (NYSE:EME)

WCM Investment Management LLC increased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,982 shares of the construction company's stock after purchasing an additional 3,105 shares during the period. WCM Investment Management LLC owned 0.25% of EMCOR Group worth $25,078,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EME. Norges Bank bought a new stake in shares of EMCOR Group during the 4th quarter valued at $63,867,000. JPMorgan Chase & Co. increased its position in shares of EMCOR Group by 96.7% in the 1st quarter. JPMorgan Chase & Co. now owns 651,082 shares of the construction company's stock valued at $105,859,000 after buying an additional 320,153 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of EMCOR Group by 41.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company's stock valued at $224,813,000 after buying an additional 310,718 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of EMCOR Group by 3,091.7% in the 4th quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company's stock valued at $67,645,000 after buying an additional 304,160 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of EMCOR Group by 103.1% in the 4th quarter. Morgan Stanley now owns 521,712 shares of the construction company's stock valued at $77,271,000 after buying an additional 264,826 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total transaction 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 approximately $70,010,701.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company's stock.

EMCOR Group Stock Performance

NYSE EME traded down $0.52 on Friday, reaching $351.88. The company had a trading volume of 373,954 shares, compared to its average volume of 386,132. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of 26.44 and a beta of 1.10. EMCOR Group, Inc. has a 1-year low of $154.00 and a 1-year high of $369.53. The company's fifty day moving average is $309.31 and its 200-day moving average is $246.34.

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

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. This is an increase from EMCOR Group's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 15th. EMCOR Group's dividend payout ratio is currently 5.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. DA Davidson restated a "buy" rating and issued a $375.00 price objective on shares of EMCOR Group in a research report on Friday, March 22nd. KeyCorp initiated coverage on shares of EMCOR Group in a research report on Wednesday, January 10th. They issued a "sector weight" rating for the company.

EMCOR Group 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.