Hahn Capital Management LLC Cuts Stake in EMCOR Group, Inc. (NYSE:EME)

Hahn Capital Management LLC lessened its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 44.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,869 shares of the construction company's stock after selling 14,861 shares during the quarter. EMCOR Group accounts for 5.2% of Hahn Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Hahn Capital Management LLC's holdings in EMCOR Group were worth $8,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Matrix Trust Co purchased a new position in EMCOR Group during the 2nd quarter worth $26,000. Proffitt & Goodson Inc. purchased a new position in shares of EMCOR Group during the 2nd quarter valued at about $27,000. Innealta Capital LLC purchased a new position in shares of EMCOR Group during the 2nd quarter valued at about $29,000. ORG Partners LLC purchased a new position in shares of EMCOR Group in the 2nd quarter valued at about $31,000. Finally, Independence Bank of Kentucky purchased a new position in shares of EMCOR Group in the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the firm's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on EME shares. DA Davidson increased their price objective on EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th.

EMCOR Group Trading Down 4.0 %

EME stock traded down $17.74 during trading on Friday, reaching $428.38. The stock had a trading volume of 502,772 shares, compared to its average volume of 430,472. The company has a market capitalization of $20.13 billion, a P/E ratio of 29.42 and a beta of 1.07. The firm has a fifty day moving average price of $410.72 and a 200 day moving average price of $382.92. EMCOR Group, Inc. has a 1-year low of $201.96 and a 1-year high of $456.16.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping the consensus estimate of $3.76 by $1.49. The firm had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. EMCOR Group's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.95 EPS. Sell-side analysts predict that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Tuesday, October 15th. EMCOR Group's payout ratio is 6.60%.

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.