EMCOR Group, Inc. (NYSE:EME) Shares Sold by Boston Partners

Boston Partners lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 47.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,195 shares of the construction company's stock after selling 72,581 shares during the quarter. Boston Partners owned about 0.17% of EMCOR Group worth $17,280,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Formidable Asset Management LLC acquired a new position in EMCOR Group during the fourth quarter worth $880,000. QRG Capital Management Inc. boosted its stake in EMCOR Group by 7.1% during the 4th quarter. QRG Capital Management Inc. now owns 2,259 shares of the construction company's stock valued at $487,000 after purchasing an additional 149 shares during the last quarter. Jump Financial LLC increased its holdings in EMCOR Group by 489.6% during the 4th quarter. Jump Financial LLC now owns 11,433 shares of the construction company's stock worth $2,463,000 after purchasing an additional 9,494 shares in the last quarter. NBC Securities Inc. raised its stake in shares of EMCOR Group by 26.0% in the fourth quarter. NBC Securities Inc. now owns 4,173 shares of the construction company's stock worth $898,000 after purchasing an additional 862 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of EMCOR Group during the fourth quarter valued at approximately $472,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was 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 $70,010,701.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.26% of the company's stock.

EMCOR Group Stock Performance

NYSE:EME traded down $9.77 during trading hours on Thursday, reaching $375.84. The stock had a trading volume of 325,002 shares, compared to its average volume of 422,328. The stock has a market cap of $17.66 billion, a P/E ratio of 24.78 and a beta of 1.07. The stock has a 50 day simple moving average of $350.15 and a 200 day simple moving average of $271.44. EMCOR Group, Inc. has a 12-month low of $161.49 and a 12-month high of $385.90.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $1.25. The business had revenue of $3.43 billion for the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. On average, equities analysts expect that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were given a $0.25 dividend. The ex-dividend date was Monday, April 15th. This is a boost from EMCOR Group's previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. EMCOR Group's payout ratio is 6.60%.

Analysts Set New Price Targets

Separately, DA Davidson restated a "buy" rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

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.