3,270 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 3,270 shares of EMCOR Group, valued at approximately $1.2 million, during the first quarter.
• The company's CEO, Anthony Guzzi, recently sold 7,000 shares for over $3 million, reducing his ownership by 3.24%.
• EMCOR Group reported EPS of $6.72 in the last quarter, exceeding analyst estimates and showing a 17.4% year-over-year revenue growth.

Banque Cantonale Vaudoise acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,270 shares of the construction company's stock, valued at approximately $1,209,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA lifted its holdings in EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock worth $103,000 after buying an additional 62 shares during the period. Janney Montgomery Scott LLC boosted 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 valued at $7,317,000 after purchasing an additional 3,407 shares in the last quarter. Redwood Investment Management LLC purchased a new position in EMCOR Group in the fourth quarter valued at about $1,417,000. Cambridge Investment Research Advisors Inc. raised its holdings in EMCOR Group by 146.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock worth $3,955,000 after purchasing an additional 6,361 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position 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 valued at $312,000 after buying an additional 126 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EME shares. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price for the company. Jefferies Financial Group initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. 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. Finally, The Goldman Sachs Group raised their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $605.33.

Insider Buying and Selling at EMCOR Group

In related news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

EMCOR Group Stock Performance

Shares of NYSE:EME traded down $2.03 during midday trading on Friday, reaching $625.46. The company's stock had a trading volume of 508,793 shares, compared to its average volume of 374,236. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average of $527.75 and a 200 day moving average of $456.93. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $667.64. The firm has a market capitalization of $28.00 billion, a PE ratio of 25.95 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 return on equity of 38.01% and a net margin of 7.07%. The firm's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm earned $5.25 EPS. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's payout ratio is 4.15%.

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.