Cerity Partners LLC Increases Holdings in EMCOR Group, Inc. (NYSE:EME)

Cerity Partners LLC lifted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,825 shares of the construction company's stock after buying an additional 497 shares during the quarter. Cerity Partners LLC's holdings in EMCOR Group were worth $4,740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in shares of EMCOR Group by 28.0% during the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after buying an additional 288,765 shares in the last quarter. Select Equity Group L.P. raised its stake in EMCOR Group by 1.6% during the fourth quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after acquiring an additional 16,563 shares in the last quarter. Geode Capital Management LLC raised its stake in EMCOR Group by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock worth $463,320,000 after acquiring an additional 25,502 shares in the last quarter. Norges Bank acquired a new position in EMCOR Group during the fourth quarter worth about $299,855,000. Finally, Northern Trust Corp grew its holdings in shares of EMCOR Group by 22.9% during the fourth quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock worth $250,046,000 after purchasing an additional 102,738 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on EME shares. Hovde Group upgraded EMCOR Group to a "hold" rating in a report on Friday, June 27th. Robert W. Baird began coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target on the stock. The Goldman Sachs Group upped their target price on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Finally, UBS Group initiated coverage on EMCOR Group in a research report on Friday, June 13th. They issued a "buy" rating and a $570.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and an average target price of $532.00.

EMCOR Group Stock Performance

NYSE:EME traded up $6.10 during trading on Thursday, reaching $559.40. The company's stock had a trading volume of 287,713 shares, compared to its average volume of 449,793. The firm has a market cap of $25.04 billion, a price-to-earnings ratio of 24.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The firm has a 50 day moving average of $497.09 and a 200-day moving average of $447.13. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $567.85.

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 for the quarter, topping the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.17 EPS. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

Insider Activity

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director owned 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 208,989 shares in the company, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

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.