Foundations Investment Advisors LLC Acquires Shares of 892 EMCOR Group, Inc. (NYSE:EME)

Key Points

• Foundations Investment Advisors LLC has acquired 892 shares of EMCOR Group, Inc. valued at approximately $330,000, highlighting increased institutional interest in the company.
• EMCOR Group's CEO, Anthony Guzzi, sold 7,000 shares at an average price of $436.03, resulting in a significant decrease in his ownership stake.
• The company reported a strong financial performance, with earnings of $6.72 per share, exceeding analysts' expectations, and a revenue increase of 17.4% year-over-year.

Foundations Investment Advisors LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 892 shares of the construction company's stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. lifted its position in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after purchasing an additional 521,147 shares during the period. GAMMA Investing LLC lifted its position in EMCOR Group by 49,775.5% in the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares during the period. Invesco Ltd. lifted its position in EMCOR Group by 28.0% in the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after purchasing an additional 288,765 shares during the period. Ameriprise Financial Inc. lifted its position in EMCOR Group by 94.2% in the fourth quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after purchasing an additional 148,915 shares during the period. Finally, First Trust Advisors LP lifted its position in EMCOR Group by 35.2% in the fourth quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after purchasing an additional 129,186 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EME has been the topic of several research reports. UBS Group upped their price target on EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a report on Friday, July 25th. Robert W. Baird initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. The Goldman Sachs Group upped their price target on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. TD Securities initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Finally, William Blair started coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $605.33.

EMCOR Group Trading Up 0.7%

Shares of EMCOR Group stock traded up $4.17 during trading hours on Monday, hitting $628.84. The company's stock had a trading volume of 340,061 shares, compared to its average volume of 399,677. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $667.64. The stock has a 50 day moving average of $527.75 and a 200 day moving average of $456.56. The company has a market capitalization of $28.15 billion, a PE ratio of 26.09 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the business posted $5.25 earnings per share. The firm's quarterly revenue was up 17.4% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group's payout ratio is presently 4.15%.

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.