EULAV Asset Management Decreases Holdings in EMCOR Group, Inc. (NYSE:EME)

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

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC boosted its stake in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in shares of EMCOR Group during the 4th quarter worth approximately $40,000. Summit Securities Group LLC purchased a new stake in shares of EMCOR Group during the 4th quarter worth approximately $45,000. Park Square Financial Group LLC purchased a new stake in shares of EMCOR Group during the 4th quarter worth approximately $48,000. Finally, True Wealth Design LLC boosted its stake in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after acquiring an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 0.4%

EME traded up $2.07 during trading on Thursday, hitting $548.35. The company's stock had a trading volume of 383,258 shares, compared to its average volume of 450,526. The firm's 50 day moving average price is $482.37 and its 200-day moving average price is $443.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. The stock has a market cap of $24.54 billion, a PE ratio of 24.23 and a beta of 1.24. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $553.97.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. EMCOR Group's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.17 EPS. On average, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business 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 of this dividend is Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. EMCOR Group's dividend payout ratio is presently 4.42%.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction on 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 sale, the chief executive officer directly owned 208,989 shares of the company's stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction on 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 of the company's stock, valued at $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. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EME. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. William Blair began coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating for the company. UBS Group began coverage on EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $516.33.

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.