Seizert Capital Partners LLC Invests $7.71 Million in EMCOR Group, Inc. (NYSE:EME)

Seizert Capital Partners LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,858 shares of the construction company's stock, valued at approximately $7,710,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC lifted its stake in EMCOR Group by 24.3% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares in the last quarter. GeoWealth Management LLC lifted its stake in EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after purchasing an additional 28 shares in the last quarter. Continuum Advisory LLC lifted its stake in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares in the last quarter. Alps Advisors Inc. lifted its stake in EMCOR Group by 3.4% in the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock worth $336,000 after purchasing an additional 30 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its stake in EMCOR Group by 4.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock worth $359,000 after purchasing an additional 32 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 0.3%

EME stock traded down $2.03 during trading on Friday, hitting $625.46. The company had a trading volume of 508,793 shares, compared to its average volume of 499,037. The firm has a market capitalization of $28.00 billion, a P/E ratio of 27.64 and a beta of 1.24. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $667.64. The company has a 50 day simple moving average of $524.51 and a 200-day simple moving average of $456.34. 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 (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.25 EPS. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is currently 4.42%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. TD Securities started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. William Blair started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating on the stock. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EMCOR Group has an average rating of "Moderate Buy" and a consensus price target of $605.33.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by corporate insiders.

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.