Lisanti Capital Growth LLC Has $1.25 Million Position in EMCOR Group, Inc. (NYSE:EME)

Lisanti Capital Growth LLC lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 76.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,780 shares of the construction company’s stock after selling 18,885 shares during the quarter. Lisanti Capital Growth LLC’s holdings in EMCOR Group were worth $1,245,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EME. Commonwealth Equity Services LLC grew its stake in shares of EMCOR Group by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 4,795 shares of the construction company’s stock worth $1,009,000 after purchasing an additional 206 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of EMCOR Group by 55.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,402 shares of the construction company’s stock valued at $505,000 after buying an additional 852 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of EMCOR Group by 16.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,608 shares of the construction company’s stock worth $2,021,000 after acquiring an additional 1,344 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of EMCOR Group by 2.1% in the third quarter. Mackenzie Financial Corp now owns 3,326 shares of the construction company’s stock worth $678,000 after acquiring an additional 69 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in EMCOR Group by 10.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 257,428 shares of the construction company’s stock valued at $54,160,000 after acquiring an additional 23,865 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

EMCOR Group Trading Up 0.9 %

NYSE EME traded up $3.49 during mid-day trading on Tuesday, hitting $375.46. The company’s stock had a trading volume of 474,716 shares, compared to its average volume of 430,321. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 24.53 and a beta of 1.07. The company’s 50 day simple moving average is $340.93 and its 200 day simple moving average is $263.00. EMCOR Group, Inc. has a twelve month low of $161.49 and a twelve month high of $377.80.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The firm had revenue of $3.43 billion during the quarter. As a group, research analysts forecast that EMCOR Group, Inc. will post 16.1 EPS for the current year.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction 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 SEC, which is available through this hyperlink. 1.26% of the stock is owned by insiders.

EMCOR Group Company Profile

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.