AE Wealth Management LLC Sells 1,183 Shares of EMCOR Group, Inc. (NYSE:EME)

AE Wealth Management LLC cut its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 58.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 858 shares of the construction company's stock after selling 1,183 shares during the period. AE Wealth Management LLC's holdings in EMCOR Group were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wedbush Securities Inc. lifted its position in shares of EMCOR Group by 2.4% in the first quarter. Wedbush Securities Inc. now owns 1,600 shares of the construction company's stock valued at $591,000 after buying an additional 38 shares during the last quarter. Mount Lucas Management LP boosted its position in EMCOR Group by 103.1% during the first quarter. Mount Lucas Management LP now owns 2,326 shares of the construction company's stock worth $860,000 after purchasing an additional 1,181 shares during the period. Oak Thistle LLC acquired a new position in shares of EMCOR Group in the first quarter valued at $3,125,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of EMCOR Group by 13.4% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,976 shares of the construction company's stock worth $18,103,000 after buying an additional 5,780 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of EMCOR Group by 32.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 8,442 shares of the construction company's stock valued at $3,120,000 after purchasing an additional 2,065 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of the 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 $91,125,473.67. This represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EME shares. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. UBS Group boosted their price target on EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a research note on Friday, July 25th. DA Davidson raised their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday. Stifel Nicolaus increased their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $605.33.

EMCOR Group Trading Down 0.3%

NYSE EME traded down $2.03 on Friday, reaching $625.46. The company had a trading volume of 508,793 shares, compared to its average volume of 374,236. The firm has a market cap of $28.00 billion, a price-to-earnings ratio of 25.95 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.14. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $667.64. The business has a 50 day moving average of $524.51 and a two-hundred day moving average of $456.34.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company earned $5.25 EPS. The company's revenue for the quarter was up 17.4% on a year-over-year basis. Analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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

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.