Amalgamated Bank Cuts Stake in EMCOR Group, Inc. (NYSE:EME)

Amalgamated Bank cut its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, 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 directly owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were 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 in the company, valued at $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EME shares. William Blair started coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating for the company. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Stifel Nicolaus dropped their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, UBS Group assumed coverage on shares of EMCOR Group in a research note on Friday, June 13th. They set a "buy" rating and a $570.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus price target of $518.00.

EMCOR Group Trading Up 0.9%

EME stock traded up $4.84 during trading on Friday, reaching $546.64. 302,472 shares of the stock were exchanged, compared to its average volume of 450,502. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $474.05 and a 200-day moving average price of $441.49. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $550.18. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of 24.16 and a beta of 1.24.

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

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $0.25 dividend. 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 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.