Deutsche Bank AG Cuts Position in Emcor Group Inc (EME)

Deutsche Bank AG lessened its position in shares of Emcor Group Inc (NYSE:EME) by 38.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,284 shares of the construction company’s stock after selling 214,415 shares during the period. Deutsche Bank AG owned approximately 0.61% of Emcor Group worth $20,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in Emcor Group by 1.7% during the 4th quarter. BlackRock Inc. now owns 6,848,177 shares of the construction company’s stock valued at $408,769,000 after buying an additional 117,137 shares during the period. Vanguard Group Inc. boosted its position in Emcor Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,531,946 shares of the construction company’s stock valued at $415,505,000 after buying an additional 53,572 shares during the period. Vanguard Group Inc boosted its position in Emcor Group by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 5,531,946 shares of the construction company’s stock valued at $415,505,000 after buying an additional 53,572 shares during the period. Prudential Financial Inc. boosted its position in Emcor Group by 2.3% during the 4th quarter. Prudential Financial Inc. now owns 1,250,340 shares of the construction company’s stock valued at $74,632,000 after buying an additional 27,522 shares during the period. Finally, Geode Capital Management LLC boosted its position in Emcor Group by 13.6% during the 4th quarter. Geode Capital Management LLC now owns 900,415 shares of the construction company’s stock valued at $53,745,000 after buying an additional 107,927 shares during the period. 95.40% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman Anthony Guzzi sold 12,314 shares of Emcor Group stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $78.07, for a total transaction of $961,353.98. Following the sale, the chairman now owns 394,190 shares in the company, valued at $30,774,413.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark A. Pompa sold 8,000 shares of Emcor Group stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $80.00, for a total transaction of $640,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,546 shares of company stock worth $2,219,188. Company insiders own 1.90% of the company’s stock.

EME has been the subject of several research reports. Maxim Group reiterated a “hold” rating and issued a $73.00 price target (up from $68.00) on shares of Emcor Group in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research note on Thursday, January 31st. Finally, ValuEngine upgraded shares of Emcor Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

Shares of NYSE EME traded up $0.42 during trading on Friday, reaching $82.83. 223,217 shares of the company traded hands, compared to its average volume of 406,076. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.62 billion, a PE ratio of 16.87, a PEG ratio of 1.07 and a beta of 1.20. Emcor Group Inc has a 52-week low of $57.29 and a 52-week high of $84.75.

Emcor Group (NYSE:EME) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.23. Emcor Group had a net margin of 3.58% and a return on equity of 17.18%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities research analysts anticipate that Emcor Group Inc will post 5.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.39%. The ex-dividend date was Wednesday, April 17th. Emcor Group’s dividend payout ratio is currently 6.52%.

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Emcor Group Company 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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