EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Drake & Associates LLC

Drake & Associates LLC increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,957 shares of the construction company's stock after buying an additional 782 shares during the period. Drake & Associates LLC's holdings in EMCOR Group were worth $1,093,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake 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 purchasing an additional 288,765 shares in the last quarter. Select Equity Group L.P. lifted its holdings in EMCOR Group by 1.6% during the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after buying an additional 16,563 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of EMCOR Group by 2.6% during the 4th 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 purchased a new position in shares of EMCOR Group in the 4th quarter valued at about $299,855,000. Finally, Northern Trust Corp increased its holdings in shares of EMCOR Group by 22.9% in the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock valued at $250,046,000 after acquiring an additional 102,738 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 0.6%

EME traded up $3.20 during trading on Monday, hitting $550.42. The company's stock had a trading volume of 480,997 shares, compared to its average volume of 450,625. The firm's 50 day moving average price is $476.84 and its 200-day moving average price is $441.92. 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 stock has a market cap of $24.64 billion, a PE ratio of 24.32 and a beta of 1.24. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $553.43.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating 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%. EMCOR Group's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.17 EPS. On average, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. EMCOR Group's payout ratio is 4.42%.

Insiders Place Their Bets

In related news, CEO Anthony Guzzi sold 7,000 shares of the 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 directly owned 208,989 shares in the company, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the sale, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent analyst reports. William Blair assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating for the company. TD Securities initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Stifel Nicolaus dropped their target price on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Robert W. Baird initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued 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, EMCOR Group has a consensus rating of "Moderate Buy" and an average price target of $518.00.

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.