Apollon Wealth Management LLC Has $1.27 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Apollon Wealth Management LLC boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 374.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,897 shares of the construction company’s stock after buying an additional 4,654 shares during the quarter. Apollon Wealth Management LLC’s holdings in EMCOR Group were worth $1,270,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Machina Capital S.A.S. bought a new position in EMCOR Group during the fourth quarter valued at approximately $343,000. Gallacher Capital Management LLC bought a new position in shares of EMCOR Group during the 4th quarter valued at $344,000. National Bank of Canada FI lifted its stake in shares of EMCOR Group by 3,322.5% in the 4th quarter. National Bank of Canada FI now owns 5,784 shares of the construction company’s stock valued at $1,231,000 after purchasing an additional 5,615 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in EMCOR Group by 182.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 195 shares of the construction company’s stock worth $42,000 after purchasing an additional 126 shares in the last quarter. Finally, Running Oak Capital LLC boosted its holdings in EMCOR Group by 10.0% in the fourth quarter. Running Oak Capital LLC now owns 47,503 shares of the construction company’s stock worth $10,234,000 after purchasing an additional 4,337 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EME. DA Davidson reaffirmed a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research report on Friday, March 22nd. KeyCorp began coverage on EMCOR Group in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

EMCOR Group Price Performance

Shares of EME opened at $379.72 on Thursday. The company has a market capitalization of $17.85 billion, a PE ratio of 25.05 and a beta of 1.07. EMCOR Group, Inc. has a one year low of $161.49 and a one year high of $380.00. The company’s fifty day moving average price is $344.38 and its 200 day moving average price is $265.09.

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

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, April 15th. EMCOR Group’s dividend payout ratio is currently 6.60%.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the transaction, the chief executive officer now owns 219,023 shares of the company’s stock, valued at $70,010,701.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate 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.