Chicago Partners Investment Group LLC Purchases Shares of 485 EMCOR Group, Inc. (NYSE:EME)

Key Points

• Chicago Partners Investment Group LLC has acquired a new position in EMCOR Group, Inc., purchasing 485 shares valued at approximately $179,000.
• Institutional investors and hedge funds collectively hold 92.59% of EMCOR Group's stock, indicating significant institutional interest.
• EMCOR Group reported an earnings per share (EPS) of $6.72 for the last quarter, exceeding expectations and showing a 17.4% year-over-year revenue growth.

Chicago Partners Investment Group LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 485 shares of the construction company's stock, valued at approximately $179,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of EMCOR Group by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 351,489 shares of the construction company's stock worth $129,921,000 after acquiring an additional 5,958 shares during the period. ASR Vermogensbeheer N.V. purchased a new position in EMCOR Group during the first quarter worth approximately $1,101,000. Corbyn Investment Management Inc. MD raised its stake in 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 worth $14,340,000 after purchasing an additional 601 shares during the period. New Age Alpha Advisors LLC increased its position in shares of EMCOR Group by 27.2% in the first quarter. New Age Alpha Advisors LLC now owns 9,440 shares of the construction company's stock worth $3,489,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Kickstand Ventures LLC. acquired a new stake in EMCOR Group during the 1st quarter valued at $267,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EME shares. TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Hovde Group raised shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Stock Performance

NYSE:EME traded down $4.62 during mid-day trading on Friday, hitting $605.13. The stock had a trading volume of 233,189 shares, compared to its average volume of 388,565. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 25.11 and a beta of 1.27. The company has a 50 day simple moving average of $556.32 and a 200-day simple moving average of $465.48. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

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

EMCOR Group Dividend Announcement

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

EMCOR Group Company Profile

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.