EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,233 shares of the construction company's stock after buying 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.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of EMCOR Group by 408.0% in the 4th quarter. Jones Financial Companies Lllp now owns 508 shares of the construction company's stock valued at $231,000 after buying an additional 408 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of EMCOR Group in the 4th quarter valued at $152,000. Keybank National Association OH grew its position in shares of EMCOR Group by 4.0% in the 4th quarter. Keybank National Association OH now owns 2,416 shares of the construction company's stock valued at $1,097,000 after buying an additional 94 shares during the last quarter. Assetmark Inc. grew its position in shares of EMCOR Group by 5.2% during the fourth 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 purchased a new position in shares of EMCOR Group during the fourth quarter worth approximately $23,941,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EME has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group raised their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday. William Blair initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating on the stock. Finally, Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $516.33.

EMCOR Group Stock Performance

NYSE:EME traded down $5.85 during midday trading on Tuesday, reaching $545.29. The stock had a trading volume of 155,188 shares, compared to its average volume of 449,472. The firm has a fifty day simple moving average of $476.84 and a two-hundred day simple moving average of $441.92. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $553.97. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The stock has a market cap of $24.41 billion, a P/E ratio of 24.10 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results 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 company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company earned $4.17 earnings per share. EMCOR Group's quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is currently 4.42%.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the firm'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 sale, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were 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 of the company's stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

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.