EMCOR Group, Inc. (NYSE:EME) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 20.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,796 shares of the construction company's stock after purchasing an additional 3,407 shares during the period. Janney Montgomery Scott LLC's holdings in EMCOR Group were worth $7,317,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EME. Redwood Investment Management LLC purchased a new stake in shares of EMCOR Group in the fourth quarter valued at $1,417,000. Fifth Third Bancorp lifted its position in shares of EMCOR Group by 17.5% in the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after acquiring an additional 126 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of EMCOR Group in the fourth quarter valued at $1,192,000. CX Institutional purchased a new stake in shares of EMCOR Group in the first quarter valued at $95,000. Finally, Stevens Capital Management LP purchased a new stake in shares of EMCOR Group in the fourth quarter valued at $309,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EME shares. Wall Street Zen downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. UBS Group began coverage on EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 target price on the stock. Finally, Stifel Nicolaus reduced their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $509.60.

EMCOR Group Stock Performance

NYSE EME opened at $485.19 on Friday. The business's 50-day moving average price is $446.14 and its 200 day moving average price is $438.70. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The company has a market capitalization of $21.72 billion, a PE ratio of 21.44 and a beta of 1.23. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share 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 for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the business posted $4.17 earnings per share. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.21%. EMCOR Group's dividend payout ratio is presently 4.42%.

EMCOR Group announced that its Board of Directors has approved a stock buyback program on Wednesday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director now directly owns 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 208,989 shares of the company's stock, valued at $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. 0.83% of the stock is currently owned by insiders.

EMCOR Group Company 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.

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