PFG Advisors Grows Holdings in EMCOR Group, Inc. (NYSE:EME)

PFG Advisors raised its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 527.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,994 shares of the construction company's stock after buying an additional 8,401 shares during the period. PFG Advisors' holdings in EMCOR Group were worth $3,694,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BankPlus Trust Department raised its position in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in EMCOR Group in the first quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group in the first quarter worth about $30,000. Continuum Advisory LLC raised its position in EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares during the period. Finally, Dogwood Wealth Management LLC bought a new stake in EMCOR Group in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

EME has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. TD Securities assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price for the company. Stifel Nicolaus increased their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $556.17.

EMCOR Group Trading Up 9.7%

NYSE:EME traded up $55.87 during midday trading on Friday, reaching $634.67. 658,109 shares of the stock traded hands, compared to its average volume of 348,370. The company has a fifty day moving average of $511.12 and a 200 day moving average of $451.70. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $636.38. 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 market capitalization of $28.41 billion, a P/E ratio of 28.05 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly 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 net margin of 7.00% and a return on equity of 37.12%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the business posted $4.17 EPS. The firm's revenue was up 12.7% compared to the same quarter last year. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's payout ratio is 4.42%.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the company'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director directly owned 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

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.