EMCOR Group (NYSE:EME) Coverage Initiated at Robert W. Baird

Investment analysts at Robert W. Baird began coverage on shares of EMCOR Group (NYSE:EME - Get Free Report) in a note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage set an "outperform" rating and a $560.00 price target on the construction company's stock. Robert W. Baird's target price indicates a potential upside of 9.34% from the company's current price.

A number of other brokerages have also issued reports on EME. UBS Group began coverage on EMCOR Group in a research note on Friday, June 13th. They set a "buy" rating and a $570.00 price target for the company. Stifel Nicolaus cut their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $518.00.

EMCOR Group Stock Up 1.9%

NYSE EME opened at $512.18 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. EMCOR Group has a 52 week low of $319.49 and a 52 week high of $545.30. The firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 22.63 and a beta of 1.23. The company has a fifty day moving average of $452.94 and a two-hundred day moving average of $438.96.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $4.17 EPS. On average, analysts predict that EMCOR Group will post 20.74 earnings per share for the current year.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the sale, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director now owns 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

Hedge Funds Weigh In On EMCOR Group

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock worth $7,317,000 after acquiring an additional 3,407 shares in the last quarter. Redwood Investment Management LLC purchased a new stake in shares of EMCOR Group during the 4th quarter valued at $1,417,000. Fifth Third Bancorp boosted its position in shares of EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after purchasing an additional 126 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of EMCOR Group in the 4th quarter worth $1,192,000. Finally, CX Institutional purchased a new position in EMCOR Group during the 1st quarter worth $95,000. 92.59% of the stock is currently owned by institutional investors.

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.

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