EMCOR Group, Inc. (NYSE:EME) Shares Sold by EULAV Asset Management

EULAV Asset Management trimmed its stake 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 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 large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its stake in shares of EMCOR Group by 196.4% during the first quarter. Crossmark Global Holdings Inc. now owns 20,581 shares of the construction company's stock worth $7,607,000 after buying an additional 13,638 shares during the period. Fullcircle Wealth LLC acquired a new position in EMCOR Group during the 1st quarter worth approximately $248,000. Raleigh Capital Management Inc. raised its holdings in shares of EMCOR Group by 9.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 498 shares of the construction company's stock valued at $184,000 after purchasing an additional 42 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of EMCOR Group by 5.1% during the 1st quarter. TD Private Client Wealth LLC now owns 1,141 shares of the construction company's stock worth $422,000 after purchasing an additional 55 shares during the last quarter. Finally, Drake & Associates LLC grew its stake in shares of EMCOR Group by 36.0% during the first quarter. Drake & Associates LLC now owns 2,957 shares of the construction company's stock worth $1,093,000 after purchasing an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company'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 completion of the transaction, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was 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 owned 208,989 shares of the company's stock, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

EMCOR Group Stock Up 0.9%

EME stock opened at $546.64 on Monday. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 24.16 and a beta of 1.24. The company has a fifty day moving average price of $474.05 and a 200 day moving average price of $441.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $550.18.

EMCOR Group (NYSE:EME - Get Free Report) last announced its 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 business had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the company earned $4.17 earnings per share. The business's revenue was up 12.7% compared to the same quarter last year. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. EMCOR Group's payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of analyst reports. Robert W. Baird initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. Stifel Nicolaus decreased their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. 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 price target on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, one has given 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, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average target price of $518.00.

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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