Amalgamated Bank Sells 947 Shares of EMCOR Group, Inc. (NYSE:EME)

Amalgamated Bank lowered its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,263 shares of the construction company's stock after selling 947 shares during the quarter. Amalgamated Bank's holdings in EMCOR Group were worth $8,229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC raised its stake in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in EMCOR Group during the fourth quarter worth $40,000. Summit Securities Group LLC bought a new stake in EMCOR Group during the fourth quarter worth $45,000. Park Square Financial Group LLC bought a new stake in EMCOR Group during the fourth quarter worth $48,000. Finally, True Wealth Design LLC lifted its stake in EMCOR Group by 24.3% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Activity

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the transaction, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target on the stock. William Blair initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating on the stock. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Finally, Hovde Group raised shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $518.00.

EMCOR Group Trading Up 0.9%

Shares of EMCOR Group stock traded up $4.84 on Friday, hitting $546.64. 302,472 shares of the company's stock traded hands, compared to its average volume of 449,861. The company has a fifty day moving average of $471.34 and a two-hundred day moving average of $441.16. EMCOR Group, Inc. has a one year low of $319.49 and a one 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. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The firm had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.17 EPS. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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.