Congress Asset Management Co. MA Decreases Stake in EMCOR Group, Inc. (NYSE:EME)

Congress Asset Management Co. MA decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,349 shares of the construction company's stock after selling 71,110 shares during the quarter. EMCOR Group comprises approximately 1.4% of Congress Asset Management Co. MA's investment portfolio, making the stock its 6th biggest holding. Congress Asset Management Co. MA owned about 1.18% of EMCOR Group worth $193,783,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of EMCOR Group by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 239 shares of the construction company's stock worth $84,000 after buying an additional 35 shares during the period. Modus Advisors LLC grew its holdings in EMCOR Group by 2.0% during the fourth quarter. Modus Advisors LLC now owns 2,503 shares of the construction company's stock valued at $539,000 after purchasing an additional 49 shares during the period. Daiwa Securities Group Inc. grew its holdings in EMCOR Group by 0.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company's stock valued at $3,049,000 after purchasing an additional 50 shares during the period. Lindbrook Capital LLC grew its holdings in EMCOR Group by 32.5% during the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company's stock valued at $45,000 after purchasing an additional 51 shares during the period. Finally, Synovus Financial Corp grew its holdings in EMCOR Group by 1.0% during the third quarter. Synovus Financial Corp now owns 6,072 shares of the construction company's stock valued at $1,277,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Down 1.2 %

NYSE EME traded down $4.64 during trading on Friday, reaching $381.27. 889,389 shares of the stock traded hands, compared to its average volume of 619,400. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 25.15 and a beta of 1.08. The stock's 50-day moving average price is $371.98 and its 200 day moving average price is $303.92. EMCOR Group, Inc. has a fifty-two week low of $174.01 and a fifty-two week high of $401.98.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.92 by $1.25. The company had revenue of $3.43 billion during the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. Analysts anticipate that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, April 15th. This is a boost from EMCOR Group's previous quarterly dividend of $0.18. EMCOR Group's dividend payout ratio is 6.60%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a "buy" rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd.

Insider Activity

In other news, Director Carol P. Lowe sold 1,245 shares of the business'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 owns 16,807 shares of the company's stock, valued at $6,289,683.61. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company's stock.

EMCOR Group 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.