Charles Schwab Investment Management Inc. Acquires 5,958 Shares of EMCOR Group, Inc. (NYSE:EME)

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in EMCOR Group by 1.7%, acquiring an additional 5,958 shares, bringing its total holdings to 351,489 shares valued at approximately $129.9 million.
• EMCOR Group reported a strong quarterly earnings performance, with EPS of $6.72, exceeding estimates by $1.04, and revenue of $4.30 billion, up 17.4% year-over-year.
• A number of analysts have upgraded their ratings for EMCOR Group, with a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

Charles Schwab Investment Management Inc. increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351,489 shares of the construction company's stock after purchasing an additional 5,958 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.79% of EMCOR Group worth $129,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ASR Vermogensbeheer N.V. bought a new position in shares of EMCOR Group during the first quarter valued at $1,101,000. Corbyn Investment Management Inc. MD lifted its holdings in shares of EMCOR Group by 1.6% during the first quarter. Corbyn Investment Management Inc. MD now owns 38,795 shares of the construction company's stock valued at $14,340,000 after purchasing an additional 601 shares in the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of EMCOR Group by 27.2% during the first quarter. New Age Alpha Advisors LLC now owns 9,440 shares of the construction company's stock valued at $3,489,000 after purchasing an additional 2,016 shares in the last quarter. Kickstand Ventures LLC. bought a new position in shares of EMCOR Group during the first quarter valued at $267,000. Finally, ING Groep NV bought a new position in shares of EMCOR Group during the first quarter valued at $3,142,000. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EME has been the topic of a number of research analyst reports. William Blair started coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating on the stock. The Goldman Sachs Group increased their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. DA Davidson increased their target price on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Stifel Nicolaus increased their target price on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Down 0.6%

NYSE EME opened at $614.48 on Tuesday. The stock's 50-day moving average price is $545.87 and its 200-day moving average price is $460.64. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The company has a market capitalization of $27.50 billion, a P/E ratio of 25.50 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping 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 firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the company earned $5.25 earnings per share. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is currently 4.15%.

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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