EULAV Asset Management Has $13.53 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

EULAV Asset Management decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 14.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 36,601 shares of the construction company's stock after selling 6,000 shares during the period. EULAV Asset Management owned approximately 0.08% of EMCOR Group worth $13,529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of EMCOR Group in the 4th quarter valued at $299,855,000. GAMMA Investing LLC increased its position in shares of EMCOR Group by 49,775.5% in the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock valued at $138,266,000 after buying an additional 373,316 shares in the last quarter. Invesco Ltd. increased its position in shares of EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock valued at $598,465,000 after buying an additional 288,765 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of EMCOR Group by 94.2% in the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock valued at $139,349,000 after buying an additional 148,915 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of EMCOR Group by 35.2% in the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock valued at $225,332,000 after buying an additional 129,186 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the 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 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 disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on EME shares. Stifel Nicolaus lowered their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. TD Securities assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. UBS Group assumed coverage on shares of EMCOR Group in a research note on Friday, June 13th. They issued a "buy" rating and a $570.00 target price for the company. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Finally, Hovde Group raised shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and an average target price of $518.00.

EMCOR Group Stock Down 2.0%

NYSE EME traded down $11.26 on Tuesday, reaching $539.88. The company had a trading volume of 89,462 shares, compared to its average volume of 449,233. The company's fifty day moving average is $476.84 and its 200-day moving average is $441.92. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year 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 firm has a market capitalization of $24.16 billion, a price-to-earnings ratio of 23.86 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 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 the consensus estimate of $3.78 billion. During the same period in the prior year, the business posted $4.17 EPS. The company's quarterly revenue was up 12.7% on a year-over-year basis. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. EMCOR Group's dividend payout ratio is 4.42%.

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.