Axxcess Wealth Management LLC reduced its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 14.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 892 shares of the construction company’s stock after selling 152 shares during the quarter. Axxcess Wealth Management LLC’s holdings in EMCOR Group were worth $312,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. CreativeOne Wealth LLC purchased a new position in EMCOR Group in the first quarter worth $330,000. Delap Wealth Advisory LLC purchased a new position in EMCOR Group in the first quarter worth $204,000. Pitcairn Co. purchased a new position in EMCOR Group in the first quarter worth $789,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of EMCOR Group by 20.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,643 shares of the construction company’s stock worth $11,437,000 after buying an additional 5,633 shares during the period. Finally, Burgundy Asset Management Ltd. grew its holdings in shares of EMCOR Group by 1.7% during the first quarter. Burgundy Asset Management Ltd. now owns 691,381 shares of the construction company’s stock valued at $242,122,000 after buying an additional 11,479 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.
EMCOR Group Price Performance
Shares of EME opened at $364.05 on Friday. The firm has a market capitalization of $17.11 billion, a PE ratio of 24.01 and a beta of 1.06. EMCOR Group, Inc. has a 1-year low of $191.50 and a 1-year high of $401.98. The company’s fifty day moving average price is $376.71 and its 200-day moving average price is $330.81.
EMCOR Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Monday, July 15th. EMCOR Group’s payout ratio is 6.60%.
Insider Buying and Selling at EMCOR Group
In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total value of $465,916.35. Following the sale, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, DA Davidson boosted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday.
View Our Latest Analysis on EME
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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