Lbp Am Sa Increases Holdings in EMCOR Group, Inc. (NYSE:EME)

LBP AM SA boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 350.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,833 shares of the construction company's stock after purchasing an additional 9,207 shares during the period. LBP AM SA's holdings in EMCOR Group were worth $4,374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Dogwood Wealth Management LLC lifted its position in shares of EMCOR Group by 59.6% in the first quarter. Dogwood Wealth Management LLC now owns 142 shares of the construction company's stock valued at $52,000 after acquiring an additional 53 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of EMCOR Group by 5.1% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,618 shares of the construction company's stock valued at $1,707,000 after acquiring an additional 226 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of EMCOR Group by 19.8% in the first quarter. Personal CFO Solutions LLC now owns 545 shares of the construction company's stock valued at $202,000 after acquiring an additional 90 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of EMCOR Group by 196.4% in the first quarter. Crossmark Global Holdings Inc. now owns 20,581 shares of the construction company's stock valued at $7,607,000 after acquiring an additional 13,638 shares in the last quarter. Finally, Fullcircle Wealth LLC purchased a new position in shares of EMCOR Group in the first quarter valued at about $248,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EME. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. Stifel Nicolaus lifted their target price on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday. Finally, UBS Group assumed 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $532.00.

Insider Buying and Selling

In other news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $3,052,210.00. Following the transaction, the chief executive officer directly owned 208,989 shares in the company, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

EMCOR Group Trading Up 1.3%

NYSE EME traded up $6.92 during trading hours on Friday, hitting $554.51. 215,576 shares of the company were exchanged, compared to its average volume of 451,455. The stock has a 50-day moving average price of $487.57 and a 200 day moving average price of $444.42. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $556.61. The stock has a market cap of $24.82 billion, a PE ratio of 24.50 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the previous year, the firm posted $4.17 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. Analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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 payout ratio is currently 4.42%.

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.