Cordatus Wealth Management LLC Makes New $260,000 Investment in EMCOR Group, Inc. (NYSE:EME)

Key Points

• Cordatus Wealth Management LLC has acquired 703 shares of EMCOR Group, valued at approximately $260,000, marking its initial investment in the company.
• Multiple institutional investors have significantly increased their holdings in EMCOR Group during the first quarter, with strong percentages of ownership indicating institutional confidence.
• Analysts have a favorable outlook on EMCOR with ratings predominantly as "buy" and a price target raised to $715.00 by UBS Group, reflecting positive sentiment in the market.

Cordatus Wealth Management LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 703 shares of the construction company's stock, valued at approximately $260,000.

Several other institutional investors have also recently made changes to their positions in the company. Seizert Capital Partners LLC purchased a new stake in EMCOR Group during the 1st quarter worth approximately $7,710,000. Mesirow Financial Investment Management Inc. lifted its stake in EMCOR Group by 48.8% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 4,782 shares of the construction company's stock valued at $1,768,000 after acquiring an additional 1,569 shares during the period. Bayforest Capital Ltd lifted its stake in EMCOR Group by 92.3% during the 1st quarter. Bayforest Capital Ltd now owns 2,265 shares of the construction company's stock valued at $837,000 after acquiring an additional 1,087 shares during the period. Banque Cantonale Vaudoise acquired a new stake in EMCOR Group during the 1st quarter valued at approximately $1,209,000. Finally, Federated Hermes Inc. lifted its stake in EMCOR Group by 25.6% during the 1st quarter. Federated Hermes Inc. now owns 206,148 shares of the construction company's stock valued at $76,198,000 after acquiring an additional 41,984 shares during the period. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EME shares. UBS Group boosted their target price on shares of EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Robert W. Baird began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. DA Davidson boosted their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a report on Friday. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Finally, William Blair began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $605.33.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm'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 completion of the sale, the chief executive officer owned 208,989 shares in the company, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company's stock.

EMCOR Group Stock Performance

Shares of NYSE EME traded down $2.03 during trading on Friday, reaching $625.46. The stock had a trading volume of 508,793 shares, compared to its average volume of 374,236. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.18. The stock has a market cap of $28.00 billion, a PE ratio of 25.76 and a beta of 1.27. The firm's 50 day moving average price is $527.75 and its two-hundred day moving average price is $457.25.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The company had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the prior year, the business posted $5.25 earnings per share. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. On average, 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 disclosed 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. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio is currently 4.15%.

EMCOR Group 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.