Drake & Associates LLC boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,957 shares of the construction company's stock after acquiring an additional 782 shares during the quarter. Drake & Associates LLC's holdings in EMCOR Group were worth $1,093,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of EME. Penserra Capital Management LLC raised its stake in shares of EMCOR Group by 384.0% in the 1st quarter. Penserra Capital Management LLC now owns 1,026 shares of the construction company's stock valued at $378,000 after acquiring an additional 814 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in shares of EMCOR Group by 10.0% in the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 1,489 shares of the construction company's stock valued at $550,000 after acquiring an additional 135 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of EMCOR Group by 4.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 14,233 shares of the construction company's stock valued at $5,261,000 after acquiring an additional 545 shares in the last quarter. World Investment Advisors raised its stake in shares of EMCOR Group by 53.5% in the 1st quarter. World Investment Advisors now owns 1,093 shares of the construction company's stock valued at $404,000 after acquiring an additional 381 shares in the last quarter. Finally, Wayfinding Financial LLC raised its stake in shares of EMCOR Group by 7.6% in the 1st quarter. Wayfinding Financial LLC now owns 596 shares of the construction company's stock valued at $220,000 after acquiring an additional 42 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.
EMCOR Group Stock Performance
Shares of NYSE:EME traded up $5.65 during trading on Wednesday, hitting $546.99. 388,991 shares of the stock were exchanged, compared to its average volume of 450,841. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $553.97. The company has a market capitalization of $24.48 billion, a price-to-earnings ratio of 24.17 and a beta of 1.24. The company's fifty day simple moving average is $479.42 and its 200-day simple moving average is $442.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16.
EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company posted $4.17 earnings per share. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.
EMCOR Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.18%. EMCOR Group's dividend payout ratio is currently 4.42%.
Analysts Set New Price Targets
A number of analysts have issued reports on EME shares. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. UBS Group started coverage on EMCOR Group in a report on Friday, June 13th. They issued a "buy" rating and a $570.00 target price on the stock. TD Securities started coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. William Blair started coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. Finally, Jefferies Financial Group started coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $516.33.
Read Our Latest Stock Report on EME
Insider Buying and Selling at EMCOR Group
In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the business's 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 transaction, the chief executive officer owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.
EMCOR Group Profile
(
Free Report)
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.
Read More
Before you consider EMCOR Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EMCOR Group wasn't on the list.
While EMCOR Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
