Banque Pictet & Cie SA Boosts Position in EMCOR Group, Inc. (NYSE:EME)

Banque Pictet & Cie SA boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,775 shares of the construction company's stock after acquiring an additional 2,048 shares during the period. Banque Pictet & Cie SA's holdings in EMCOR Group were worth $3,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Continuum Advisory LLC grew its holdings in 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 acquiring an additional 29 shares in the last quarter. Dogwood Wealth Management LLC bought a new position in EMCOR Group during the 4th quarter worth about $40,000. Summit Securities Group LLC bought a new position in EMCOR Group during the 4th quarter worth about $45,000. Park Square Financial Group LLC bought a new position in EMCOR Group during the 4th quarter worth about $48,000. Finally, True Wealth Design LLC grew its holdings in EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after acquiring an additional 26 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Insider Activity at EMCOR Group

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 transaction, the chief executive officer directly owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the director directly owned 7,094 shares of the company's stock, valued at $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded up $6.92 during midday trading on Friday, hitting $554.51. The company had a trading volume of 215,576 shares, compared to its average volume of 451,455. The stock has a market cap of $24.82 billion, a price-to-earnings ratio of 24.50 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $487.57 and a 200 day simple moving average of $444.42. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $556.61.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates 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 firm posted $4.17 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's payout ratio is currently 4.42%.

Analysts Set New Price Targets

Several brokerages have issued reports on EME. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Stifel Nicolaus increased their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday. TD Securities began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Robert W. Baird began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target for the company. Finally, The Goldman Sachs Group increased their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday, July 8th. One 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $532.00.

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.