EMCOR Group, Inc. (NYSE:EME) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in shares of EMCOR Group, Inc. (NYSE:EME) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,833 shares of the construction company’s stock after selling 130 shares during the quarter. Amalgamated Bank owned 0.05% of EMCOR Group worth $10,261,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of EMCOR Group in the 1st quarter worth about $208,000. Choreo LLC purchased a new stake in shares of EMCOR Group in the first quarter valued at about $205,000. Central Pacific Bank Trust Division acquired a new stake in shares of EMCOR Group in the first quarter valued at approximately $142,000. Chevy Chase Trust Holdings LLC increased its stake in shares of EMCOR Group by 6.9% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 1,251 shares of the construction company’s stock worth $438,000 after purchasing an additional 81 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in shares of EMCOR Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 41,172 shares of the construction company’s stock worth $14,418,000 after purchasing an additional 533 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

NYSE:EME opened at $476.01 on Wednesday. The firm has a market cap of $22.21 billion, a PE ratio of 24.18 and a beta of 1.07. The firm has a 50 day simple moving average of $422.24 and a 200-day simple moving average of $389.03. EMCOR Group, Inc. has a 1-year low of $206.37 and a 1-year high of $476.50.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.61 EPS. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. DA Davidson increased their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

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.