Asset Management One Co. Ltd. Has $7.79 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Asset Management One Co. Ltd. lifted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,080 shares of the construction company's stock after buying an additional 1,342 shares during the period. Asset Management One Co. Ltd.'s holdings in EMCOR Group were worth $7,792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Petra Financial Advisors Inc. boosted its holdings in EMCOR Group by 1.4% during the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock worth $789,000 after purchasing an additional 24 shares during the last quarter. True Wealth Design LLC boosted its position in EMCOR Group by 24.3% during 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 during the last quarter. GeoWealth Management LLC boosted its position in EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after purchasing an additional 28 shares during the last quarter. Continuum Advisory LLC boosted its position in EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of EMCOR Group by 4.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock valued at $359,000 after buying an additional 32 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the sale, the chief executive officer now directly owns 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robin A. Walker-Lee sold 947 shares of the 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 transaction, the director now directly owns 7,094 shares of the company's stock, valued at $2,928,616.02. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EME has been the subject of a number of analyst reports. William Blair initiated coverage on shares of EMCOR Group in a research report on Friday. They issued an "outperform" rating for the company. Hovde Group initiated coverage on EMCOR Group in a report on Friday. They set a "market perform" rating for the company. UBS Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 price objective for the company. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday. They set an "outperform" rating and a $560.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on shares of EMCOR Group in a report on Friday. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $518.00.

EMCOR Group Trading Up 3.9%

Shares of EMCOR Group stock opened at $530.90 on Friday. The firm has a 50-day moving average of $455.61 and a 200-day moving average of $439.19. The stock has a market cap of $23.76 billion, a PE ratio of 23.46 and a beta of 1.23. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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. The business had revenue of $3.87 billion during 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 firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.17 earnings per share. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is presently 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.

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