EMCOR Group, Inc. (NYSE:EME) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 58.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,661 shares of the construction company's stock after selling 2,376 shares during the quarter. Convergence Investment Partners LLC's holdings in EMCOR Group were worth $614,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mount Lucas Management LP boosted its stake in EMCOR Group by 103.1% during the first quarter. Mount Lucas Management LP now owns 2,326 shares of the construction company's stock worth $860,000 after buying an additional 1,181 shares during the last quarter. Oak Thistle LLC acquired a new position in EMCOR Group during the 1st quarter worth about $3,125,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in EMCOR Group by 13.4% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,976 shares of the construction company's stock worth $18,103,000 after acquiring an additional 5,780 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in EMCOR Group by 32.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 8,442 shares of the construction company's stock worth $3,120,000 after acquiring an additional 2,065 shares in the last quarter. Finally, PFG Advisors lifted its stake in EMCOR Group by 527.4% during the 1st quarter. PFG Advisors now owns 9,994 shares of the construction company's stock worth $3,694,000 after acquiring an additional 8,401 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

EME has been the topic of several research reports. Jefferies Financial Group initiated coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. UBS Group increased their target price on EMCOR Group from $570.00 to $715.00 and gave the stock a "buy" rating in a research note on Friday. Robert W. Baird started coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating and a $560.00 target price on the stock. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Finally, The Goldman Sachs Group upped their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $581.40.

EMCOR Group Stock Up 9.7%

Shares of EME traded up $55.87 during mid-day trading on Friday, reaching $634.67. The company's stock had a trading volume of 658,109 shares, compared to its average volume of 348,370. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $636.38. The stock has a market cap of $28.41 billion, a PE ratio of 28.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. The company's 50 day moving average is $511.12 and its 200 day moving average is $451.70.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the business posted $4.17 EPS. The business's revenue for the quarter was up 12.7% on a year-over-year basis. Equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.16%. EMCOR Group's payout ratio is currently 4.42%.

Insider Buying and Selling

In related news, 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 owned 7,094 shares in the company, valued at $2,928,616.02. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

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.