EMCOR Group, Inc. (NYSE:EME) Position Boosted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 146.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,700 shares of the construction company's stock after buying an additional 6,361 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in EMCOR Group were worth $3,955,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $285,000. Running Oak Capital LLC grew its stake in shares of EMCOR Group by 19.7% in the 1st quarter. Running Oak Capital LLC now owns 41,044 shares of the construction company's stock valued at $15,171,000 after buying an additional 6,758 shares in the last quarter. Praxis Investment Management Inc. grew its stake in shares of EMCOR Group by 27.8% in the 1st quarter. Praxis Investment Management Inc. now owns 1,240 shares of the construction company's stock valued at $458,000 after buying an additional 270 shares in the last quarter. Blue Trust Inc. grew its stake in shares of EMCOR Group by 3.9% in the 1st quarter. Blue Trust Inc. now owns 1,553 shares of the construction company's stock valued at $574,000 after buying an additional 58 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $878,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Up 3.9%

EME opened at $530.90 on Friday. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $23.76 billion, a price-to-earnings ratio of 23.46 and a beta of 1.23. The business has a 50 day moving average of $458.66 and a 200-day moving average of $439.29.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data 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. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the business earned $4.17 earnings per share. EMCOR Group's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. EMCOR Group's dividend payout ratio is 4.42%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EME. Stifel Nicolaus lowered their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Hovde Group raised EMCOR Group to a "hold" rating in a research report on Friday. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday. Jefferies Financial Group started coverage on EMCOR Group in a research report on Friday. They set a "buy" rating for the company. Finally, UBS Group started coverage on EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 target price for the company. 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 company. According to data from MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus price target of $518.00.

Insider Activity

In related news, CEO Anthony Guzzi sold 7,000 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 208,989 shares in the company, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the company's 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 transaction, the director now owns 7,094 shares of the company's stock, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

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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