EMCOR Group, Inc. (NYSE:EME) Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 42.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,583 shares of the construction company's stock after selling 70,948 shares during the quarter. Fiera Capital Corp owned 0.22% of EMCOR Group worth $36,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Picton Mahoney Asset Management raised its stake in shares of EMCOR Group by 224.1% in the first quarter. Picton Mahoney Asset Management now owns 3,578 shares of the construction company's stock worth $1,323,000 after purchasing an additional 2,474 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of EMCOR Group during the first quarter valued at approximately $330,000. Norden Group LLC increased its position in shares of EMCOR Group by 1.7% during the first quarter. Norden Group LLC now owns 2,736 shares of the construction company's stock valued at $1,011,000 after acquiring an additional 46 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of EMCOR Group by 11.0% during the first quarter. Mackenzie Financial Corp now owns 3,914 shares of the construction company's stock valued at $1,447,000 after acquiring an additional 389 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of EMCOR Group by 33.0% during the first quarter. LPL Financial LLC now owns 60,154 shares of the construction company's stock valued at $22,235,000 after acquiring an additional 14,930 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of NYSE:EME traded down $2.03 on Friday, hitting $625.46. 508,793 shares of the company were exchanged, compared to its average volume of 499,037. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $667.64. The stock's 50 day moving average price is $524.51 and its 200 day moving average price is $456.34. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $28.00 billion, a P/E ratio of 27.64 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.25 earnings per share. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.42%.

Analysts Set New Price Targets

EME has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. UBS Group increased their price target on EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a research report on Friday, July 25th. TD Securities initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. William Blair initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating for the company. Finally, Jefferies Financial Group initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $605.33.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer directly owned 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.83% of the stock is owned by insiders.

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.