Xponance Inc. Sells 156 Shares of EMCOR Group, Inc. (NYSE:EME)

Xponance Inc. cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 2.1% in the 4th quarter, HoldingsChannel reports. The fund owned 7,209 shares of the construction company’s stock after selling 156 shares during the period. Xponance Inc.’s holdings in EMCOR Group were worth $1,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in EMCOR Group by 20.1% during the fourth quarter. Federated Hermes Inc. now owns 102,556 shares of the construction company’s stock worth $22,094,000 after purchasing an additional 17,188 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in EMCOR Group by 0.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock valued at $3,049,000 after acquiring an additional 50 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in EMCOR Group by 7.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,338 shares of the construction company’s stock valued at $2,227,000 after acquiring an additional 730 shares during the last quarter. Hamilton Point Investment Advisors LLC boosted its stake in EMCOR Group by 1.5% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 64,121 shares of the construction company’s stock valued at $13,814,000 after acquiring an additional 957 shares during the last quarter. Finally, Private Client Services LLC purchased a new position in EMCOR Group in the fourth quarter valued at about $676,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $338.08 on Wednesday. The company’s fifty day moving average price is $323.00 and its 200-day moving average price is $253.31. The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of 25.40 and a beta of 1.10. EMCOR Group, Inc. has a one year low of $155.46 and a one year high of $369.53.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.96. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter in the prior year, the company earned $2.63 EPS. The firm’s revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, April 15th. This represents a $1.00 annualized dividend and a yield of 0.30%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is presently 7.51%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 219,023 shares of the company’s stock, valued at approximately $70,010,701.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate 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.