EMCOR Group (NYSE:EME) Rating Increased to Strong-Buy at Baird R W

EMCOR Group (NYSE:EME - Get Free Report) was upgraded by investment analysts at Baird R W to a "strong-buy" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other research firms also recently issued reports on EME. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday. They issued a "buy" rating on the stock. 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 objective on the stock. William Blair initiated coverage on EMCOR Group in a report on Friday. They issued an "outperform" rating for the company. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a report on Friday. Finally, Stifel Nicolaus dropped their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average target price of $518.00.

EMCOR Group Price Performance

Shares of EME opened at $530.90 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 twelve month low of $319.49 and a twelve month high of $545.30. The stock has a market capitalization of $23.76 billion, a P/E ratio of 23.46 and a beta of 1.23. The company has a 50 day moving average of $455.61 and a 200-day moving average of $439.19.

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 for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm earned $4.17 earnings per share. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts forecast that EMCOR Group will post 20.74 EPS for the current fiscal year.

Insider Activity at EMCOR Group

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EME. Janney Montgomery Scott LLC increased its position in EMCOR Group by 20.8% during the first 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 during the period. Redwood Investment Management LLC acquired a new position in shares of EMCOR Group during the 4th quarter worth approximately $1,417,000. Fifth Third Bancorp increased its holdings in shares of EMCOR Group by 17.5% during the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after purchasing an additional 126 shares during the period. Quantbot Technologies LP bought a new position in shares of EMCOR Group during the fourth quarter worth approximately $1,192,000. Finally, CX Institutional acquired a new stake in shares of EMCOR Group in the first quarter valued at approximately $95,000. Institutional investors own 92.59% of the company's stock.

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.

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