6,508 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,508 shares of the construction company's stock, valued at approximately $1,402,000.

Several other institutional investors have also modified their holdings of EME. Allworth Financial LP lifted its stake in shares of EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company's stock valued at $29,000 after purchasing an additional 62 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $39,000. Cullen Frost Bankers Inc. bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $42,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of EMCOR Group by 182.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company's stock valued at $42,000 after purchasing an additional 126 shares during the last quarter. Finally, Alaska Permanent Fund Corp bought a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $43,000. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

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 transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at approximately $70,010,701.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, DA Davidson reissued a "buy" rating and set a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Trading Up 1.5 %

Shares of EME stock traded up $5.55 on Monday, reaching $383.92. 266,988 shares of the company's stock were exchanged, compared to its average volume of 419,032. EMCOR Group, Inc. has a 52 week low of $161.49 and a 52 week high of $386.49. The stock has a market capitalization of $18.04 billion, a PE ratio of 25.32 and a beta of 1.07. The company's fifty day simple moving average is $352.22 and its 200 day simple moving average is $274.31.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $1.25. The business had revenue of $3.43 billion during the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, April 15th. This is a positive change from EMCOR Group's previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. EMCOR Group's payout ratio is 6.60%.

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.