Concurrent Investment Advisors LLC Purchases 545 Shares of EMCOR Group, Inc. (NYSE:EME)

Concurrent Investment Advisors LLC raised its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,233 shares of the construction company's stock after purchasing an additional 545 shares during the period. Concurrent Investment Advisors LLC's holdings in EMCOR Group were worth $5,261,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of EMCOR Group by 408.0% during the 4th quarter. Jones Financial Companies Lllp now owns 508 shares of the construction company's stock worth $231,000 after acquiring an additional 408 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of EMCOR Group during the 4th quarter worth $152,000. Keybank National Association OH lifted its holdings in shares of EMCOR Group by 4.0% during the 4th quarter. Keybank National Association OH now owns 2,416 shares of the construction company's stock worth $1,097,000 after acquiring an additional 94 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of EMCOR Group by 5.2% during the 4th quarter. Assetmark Inc. now owns 8,123 shares of the construction company's stock worth $3,687,000 after acquiring an additional 405 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of EMCOR Group during the 4th quarter worth $23,941,000. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on EME shares. Robert W. Baird started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. William Blair started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating on the stock. Stifel Nicolaus decreased 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. Jefferies Financial Group started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. Finally, UBS Group started coverage on shares of EMCOR Group in a research report on Friday, June 13th. They issued a "buy" rating and a $570.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $516.33.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the sale, the chief executive officer directly owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This represents a 3.24% 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.

EMCOR Group Trading Up 1.0%

Shares of NYSE EME traded up $5.65 during midday trading on Wednesday, hitting $546.99. 242,061 shares of the company traded hands, compared to its average volume of 450,837. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $553.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The stock has a 50-day moving average price of $479.42 and a 200 day moving average price of $442.62. The firm has a market cap of $24.48 billion, a P/E ratio of 24.17 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm posted $4.17 earnings per share. EMCOR Group's quarterly revenue was up 12.7% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. EMCOR Group's dividend payout ratio is presently 4.42%.

EMCOR Group 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.