EMCOR Group, Inc. (NYSE:EME) Position Decreased by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,325 shares of the construction company’s stock after selling 3,894 shares during the period. EMCOR Group comprises approximately 3.1% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 10th largest position. Kirr Marbach & Co. LLC IN owned 0.36% of EMCOR Group worth $13,882,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC boosted its stake in shares of EMCOR Group by 8.5% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the construction company’s stock worth $180,000 after buying an additional 224 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of EMCOR Group by 13.4% in the first quarter. First Citizens Bank & Trust Co. now owns 6,109 shares of the construction company’s stock worth $385,000 after buying an additional 723 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of EMCOR Group by 13.7% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 253,864 shares of the construction company’s stock worth $15,981,000 after buying an additional 30,657 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of EMCOR Group by 61.6% in the first quarter. Retirement Systems of Alabama now owns 126,527 shares of the construction company’s stock worth $7,965,000 after buying an additional 48,211 shares during the last quarter. Finally, Legato Capital Management LLC boosted its stake in shares of EMCOR Group by 6,195.0% in the first quarter. Legato Capital Management LLC now owns 138,679 shares of the construction company’s stock worth $2,203,000 after buying an additional 136,476 shares during the last quarter. Hedge funds and other institutional investors own 94.25% of the company’s stock.

EMCOR Group, Inc. (EME) traded down 0.09% on Friday, hitting $65.15. 406,115 shares of the stock were exchanged. The firm has a market cap of $3.86 billion, a PE ratio of 19.53 and a beta of 0.89. EMCOR Group, Inc. has a 52-week low of $54.89 and a 52-week high of $73.44. The company has a 50-day moving average price of $66.06 and a 200-day moving average price of $65.16.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.15. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. EMCOR Group had a return on equity of 13.19% and a net margin of 2.63%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. On average, equities research analysts anticipate that EMCOR Group, Inc. will post $3.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Monday, July 17th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. EMCOR Group’s dividend payout ratio (DPR) is presently 9.61%.

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Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of EMCOR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of EMCOR Group from a “sell” rating to a “hold” rating and set a $74.00 price objective for the company in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $69.75.

EMCOR Group Company 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.

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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