Kirr Marbach & Co. LLC IN reduced its stake in Emcor Group Inc (NYSE:EME) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,926 shares of the construction company’s stock after selling 3,734 shares during the period. Emcor Group makes up approximately 3.4% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 8th biggest position. Kirr Marbach & Co. LLC IN owned about 0.36% of Emcor Group worth $17,080,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of EME. Advisor Group Inc. lifted its stake in Emcor Group by 73.1% during the second quarter. Advisor Group Inc. now owns 2,269 shares of the construction company’s stock worth $147,000 after purchasing an additional 958 shares during the last quarter. Flinton Capital Management LLC lifted its stake in Emcor Group by 61.8% during the second quarter. Flinton Capital Management LLC now owns 2,640 shares of the construction company’s stock worth $173,000 after purchasing an additional 1,008 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Emcor Group by 365.2% during the third quarter. Meeder Asset Management Inc. now owns 2,740 shares of the construction company’s stock worth $190,000 after purchasing an additional 2,151 shares during the last quarter. Magnetar Financial LLC bought a new stake in Emcor Group during the third quarter worth $204,000. Finally, Coldstream Capital Management Inc. bought a new stake in Emcor Group during the second quarter worth $209,000. Institutional investors and hedge funds own 94.09% of the company’s stock.
Several equities research analysts have weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $88.00 target price (up from $75.00) on shares of Emcor Group in a research note on Thursday, October 26th. Zacks Investment Research cut Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. KeyCorp reiterated a “hold” rating on shares of Emcor Group in a report on Friday, November 17th. Finally, ValuEngine downgraded shares of Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $88.50.
In related news, Director William P. Reid sold 4,647 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total value of $385,236.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jerry E. Ryan sold 13,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $78.06, for a total value of $1,014,780.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
Shares of Emcor Group Inc (EME) traded up $1.12 during trading hours on Monday, hitting $83.60. 627,600 shares of the stock traded hands, compared to its average volume of 372,192. The firm has a market capitalization of $4,916.83, a P/E ratio of 23.35, a PEG ratio of 1.38 and a beta of 1.02. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Emcor Group Inc has a 52 week low of $59.76 and a 52 week high of $85.08.
Emcor Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.27. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.93 billion. Emcor Group had a net margin of 2.82% and a return on equity of 13.94%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. sell-side analysts expect that Emcor Group Inc will post 3.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Tuesday, January 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, January 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.38%. Emcor Group’s dividend payout ratio (DPR) is presently 8.94%.
Emcor Group announced that its board has authorized a share buyback plan on Thursday, October 26th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
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Emcor Group Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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