AssuredPartners Investment Advisors LLC Buys 1,101 Shares of EMCOR Group, Inc. (NYSE:EME)

AssuredPartners Investment Advisors LLC grew its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 104.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,152 shares of the construction company's stock after acquiring an additional 1,101 shares during the period. AssuredPartners Investment Advisors LLC's holdings in EMCOR Group were worth $795,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC grew its holdings in shares of 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 acquiring an additional 29 shares in the last quarter. Dogwood Wealth Management LLC bought a new position in shares of EMCOR Group in the 4th quarter valued at about $40,000. Summit Securities Group LLC bought a new position in shares of EMCOR Group in the 4th quarter valued at about $45,000. Park Square Financial Group LLC bought a new position in shares of EMCOR Group in the 4th quarter valued at about $48,000. Finally, True Wealth Design LLC grew its holdings in shares of EMCOR Group by 24.3% in the 4th 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 in the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 1.4%

Shares of NYSE:EME opened at $501.30 on Wednesday. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The company has a market capitalization of $22.44 billion, a P/E ratio of 22.15 and a beta of 1.23. The company has a 50-day simple moving average of $450.55 and a 200 day simple moving average of $438.52. 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 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 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 revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $4.17 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its board has authorized a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm'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 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 trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director now owns 7,094 shares of the company's stock, 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. Company insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EME shares. UBS Group started coverage on EMCOR Group in a report on Friday, June 13th. They issued a "buy" rating and a $570.00 price objective for the company. Stifel Nicolaus cut their target price on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $509.60.

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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