EMCOR Group, Inc. (NYSE:EME) Shares Sold by Forum Financial Management LP

Forum Financial Management LP trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 47.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 824 shares of the construction company's stock after selling 754 shares during the quarter. Forum Financial Management LP's holdings in EMCOR Group were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EME. Commonwealth Equity Services LLC boosted its holdings in EMCOR Group by 10.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,947 shares of the construction company's stock worth $4,515,000 after buying an additional 945 shares in the last quarter. Whittier Trust Co. boosted its holdings in EMCOR Group by 40.2% during the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock worth $127,000 after buying an additional 80 shares in the last quarter. Quantbot Technologies LP purchased a new stake in EMCOR Group during the fourth quarter worth about $1,192,000. American Century Companies Inc. boosted its holdings in EMCOR Group by 81.6% during the fourth quarter. American Century Companies Inc. now owns 213,947 shares of the construction company's stock worth $97,111,000 after buying an additional 96,108 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in EMCOR Group by 0.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 9,571 shares of the construction company's stock worth $4,344,000 after buying an additional 82 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EME has been the topic of several recent research reports. Hovde Group raised shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. TD Securities initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. Stifel Nicolaus upped their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, UBS Group initiated coverage on shares of EMCOR Group in a research note on Friday, June 13th. They set a "buy" rating and a $570.00 price objective 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $532.00.

EMCOR Group Trading Up 1.1%

NYSE EME opened at $565.45 on Friday. The company's fifty day moving average price is $499.62 and its two-hundred day moving average price is $447.86. 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 $570.00. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 24.99 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 earnings per share (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 for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm posted $4.17 EPS. The company's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a $0.25 dividend. 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 dividend payout ratio is presently 4.42%.

Insider Activity

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm's 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 transaction, the chief executive officer owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the firm's 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 transaction, the director directly owned 7,094 shares in the company, valued at approximately $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.

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.

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