IFM Investors Pty Ltd Boosts Position in EMCOR Group, Inc. (NYSE:EME)

IFM Investors Pty Ltd raised its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 7.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,218 shares of the construction company's stock after purchasing an additional 615 shares during the period. IFM Investors Pty Ltd's holdings in EMCOR Group were worth $3,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC increased its stake in shares of EMCOR Group by 5.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 5,790 shares of the construction company's stock worth $2,140,000 after acquiring an additional 312 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of EMCOR Group in the 1st quarter worth $878,000. Barlow Wealth Partners Inc. increased its stake in shares of EMCOR Group by 24.3% in the 1st quarter. Barlow Wealth Partners Inc. now owns 37,743 shares of the construction company's stock worth $15,484,000 after acquiring an additional 7,384 shares during the last quarter. Mutual Advisors LLC increased its position in shares of EMCOR Group by 21.8% during the 1st quarter. Mutual Advisors LLC now owns 1,107 shares of the construction company's stock worth $454,000 after purchasing an additional 198 shares during the last quarter. Finally, Meritage Portfolio Management raised its holdings in EMCOR Group by 6.0% in the 1st quarter. Meritage Portfolio Management now owns 6,917 shares of the construction company's stock valued at $2,557,000 after buying an additional 391 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group assumed coverage on shares of EMCOR Group in a research report on Friday, June 13th. They issued a "buy" rating and a $570.00 target price on the stock. William Blair assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating on the stock. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday. Finally, TD Securities assumed 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 issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $532.00.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value 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 trade represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group 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 completion of the transaction, the chief executive officer owned 208,989 shares of the company's stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

EMCOR Group Trading Up 1.3%

NYSE EME traded up $6.92 during trading on Friday, hitting $554.51. The stock had a trading volume of 215,576 shares, compared to its average volume of 450,827. The company has a market capitalization of $24.82 billion, a PE ratio of 24.50 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $487.57 and a 200 day moving average price of $444.55. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $556.53.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.84. The business had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.17 EPS. As a group, equities research analysts forecast 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. Stockholders of record on Tuesday, July 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.42%.

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.