Segall Bryant & Hamill LLC Sells 5,699 Shares of EMCOR Group, Inc. (NYSE:EME)

Segall Bryant & Hamill LLC cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,258 shares of the construction company's stock after selling 5,699 shares during the period. Segall Bryant & Hamill LLC owned 0.06% of EMCOR Group worth $10,815,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in EMCOR Group by 130.2% during the 1st quarter. Victory Capital Management Inc. now owns 209,005 shares of the construction company's stock worth $77,255,000 after purchasing an additional 118,206 shares in the last quarter. PAX Financial Group LLC boosted its position in shares of EMCOR Group by 6.9% in the 1st quarter. PAX Financial Group LLC now owns 786 shares of the construction company's stock valued at $291,000 after purchasing an additional 51 shares during the period. TimesSquare Capital Management LLC boosted its position in EMCOR Group by 23.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 283,812 shares of the construction company's stock worth $104,905,000 after acquiring an additional 54,447 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of EMCOR Group by 30.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 436 shares of the construction company's stock worth $161,000 after purchasing an additional 101 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of EMCOR Group by 16.4% during the 1st quarter. Signaturefd LLC now owns 532 shares of the construction company's stock worth $197,000 after purchasing an additional 75 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 947 shares of the 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 completion of the sale, the director directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

EME has been the topic of a number of research analyst reports. Robert W. Baird initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. William Blair began coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating on the stock. Hovde Group upgraded EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group raised their price objective on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EMCOR Group has an average rating of "Moderate Buy" and a consensus price target of $532.00.

EMCOR Group Stock Performance

Shares of NYSE EME traded up $6.10 during midday trading on Thursday, reaching $559.40. The company's stock had a trading volume of 287,713 shares, compared to its average volume of 449,793. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $567.85. The firm has a 50 day moving average price of $497.09 and a 200-day moving average price of $447.13. The stock has a market capitalization of $25.04 billion, a P/E ratio of 24.72 and a beta of 1.24. 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 (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, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the business earned $4.17 earnings per share. EMCOR Group's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

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.