Oak Thistle LLC Purchases Shares of 8,455 EMCOR Group, Inc. (NYSE:EME)

Oak Thistle LLC purchased a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,455 shares of the construction company's stock, valued at approximately $3,125,000. EMCOR Group accounts for about 0.6% of Oak Thistle LLC's holdings, making the stock its 28th largest holding.

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

Analyst Ratings Changes

EME has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. William Blair initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating on the stock. UBS Group lifted their price objective on shares of EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a research note on Friday. Stifel Nicolaus lifted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research note 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and an average target price of $556.17.

Insider Activity

In related news, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were 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 of the company's stock, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 directly owned 7,094 shares of the company's stock, valued at $2,928,616.02. The trade was a 11.78% 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 Performance

Shares of EME traded up $55.87 during midday trading on Friday, hitting $634.67. 658,109 shares of the stock traded hands, compared to its average volume of 348,370. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $636.38. The firm has a market capitalization of $28.41 billion, a PE ratio of 28.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The business's 50 day moving average price is $511.12 and its two-hundred day moving average price is $451.86.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $4.17 earnings per share. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. Equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.16%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's payout ratio is currently 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.