3,069 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,069 shares of the construction company's stock, valued at approximately $1,134,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Petra Financial Advisors Inc. grew its holdings in shares of EMCOR Group by 1.4% during the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock valued at $789,000 after buying an additional 24 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of EMCOR Group by 24.3% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after buying an additional 26 shares in the last quarter. GeoWealth Management LLC grew its holdings in shares of EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after buying an additional 28 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in shares of EMCOR Group by 4.1% during the fourth quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock valued at $359,000 after buying an additional 32 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EME. William Blair began coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating on the stock. TD Securities initiated coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Stifel Nicolaus lowered their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Robert W. Baird initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. One investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $518.00.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction dated 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 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 disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

EMCOR Group Stock Up 0.9%

NYSE EME traded up $4.84 on Friday, reaching $546.64. The stock had a trading volume of 302,472 shares, compared to its average volume of 450,502. The business has a 50 day moving average price of $474.05 and a 200 day moving average price of $441.49. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $550.18. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 24.16 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly 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 company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The firm's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.17 EPS. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

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.