Cetera Investment Advisers Lowers Position in EMCOR Group, Inc. (NYSE:EME)

Cetera Investment Advisers lowered its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,369 shares of the construction company's stock after selling 2,388 shares during the period. Cetera Investment Advisers owned about 0.06% of EMCOR Group worth $10,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BankPlus Trust Department lifted its position in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of EMCOR Group during the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of EMCOR Group during the 1st quarter valued at $30,000. Continuum Advisory LLC raised its stake in shares of EMCOR Group by 53.7% during the 4th 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 period. Finally, Dogwood Wealth Management LLC bought a new stake in shares of EMCOR Group during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EME. UBS Group boosted their price objective on EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. TD Securities assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $605.33.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction on Monday, May 5th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by company insiders.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded down $2.03 during trading on Friday, hitting $625.46. 508,793 shares of the stock traded hands, compared to its average volume of 374,236. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 25.95 and a beta of 1.27. The firm's fifty day moving average is $524.51 and its 200-day moving average is $456.34. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The company had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same period in the prior year, the business posted $5.25 EPS. EMCOR Group's quarterly revenue was up 17.4% compared to the same quarter last year. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is 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.