WCM Investment Management LLC Sells 3,732 Shares of Emcor Group Inc (NYSE:EME)

WCM Investment Management LLC lessened its stake in shares of Emcor Group Inc (NYSE:EME) by 2.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,424 shares of the construction company’s stock after selling 3,732 shares during the quarter. WCM Investment Management LLC owned approximately 0.22% of Emcor Group worth $10,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Icon Wealth Partners LLC bought a new stake in shares of Emcor Group in the first quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Emcor Group by 42.9% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the construction company’s stock valued at $53,000 after acquiring an additional 180 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in Emcor Group by 62.4% during the first quarter. FinTrust Capital Advisors LLC now owns 812 shares of the construction company’s stock valued at $59,000 after acquiring an additional 312 shares during the last quarter. Kavar Capital Partners LLC bought a new stake in Emcor Group during the second quarter valued at $61,000. Finally, Hilton Capital Management LLC bought a new stake in Emcor Group during the first quarter valued at $99,000. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

EME traded up $0.44 during trading on Thursday, reaching $83.55. 124,191 shares of the stock traded hands, compared to its average volume of 353,781. The company has a quick ratio of 1.40, a current ratio of 1.42 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.64 billion, a PE ratio of 17.02 and a beta of 1.16. The stock’s 50-day moving average is $84.54 and its 200 day moving average is $78.95. Emcor Group Inc has a 12 month low of $57.29 and a 12 month high of $89.54.

Emcor Group (NYSE:EME) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.19. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.47%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. As a group, equities research analysts anticipate that Emcor Group Inc will post 5.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Friday, July 19th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.38%. Emcor Group’s dividend payout ratio is currently 6.52%.

In other news, CFO Mark A. Pompa sold 12,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $85.00, for a total transaction of $1,020,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

EME has been the topic of a number of research analyst reports. Maxim Group reaffirmed a “hold” rating and set a $85.00 price target on shares of Emcor Group in a research report on Tuesday, July 30th. Stifel Nicolaus upped their price target on shares of Emcor Group from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 price target on the stock in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Emcor Group has a consensus rating of “Buy” and an average target price of $90.00.

Emcor Group Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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