IFM Investors Pty Ltd boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,218 shares of the construction company's stock after acquiring an additional 615 shares during the period. IFM Investors Pty Ltd's holdings in EMCOR Group were worth $3,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its holdings in shares of EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares in the last quarter. Dogwood Wealth Management LLC purchased a new position in EMCOR Group during the 4th quarter worth approximately $40,000. Summit Securities Group LLC purchased a new position in EMCOR Group during the 4th quarter worth approximately $45,000. Park Square Financial Group LLC purchased a new position in EMCOR Group during the 4th quarter worth approximately $48,000. Finally, True Wealth Design LLC increased its holdings in shares of EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after purchasing an additional 26 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.
Insider Activity at EMCOR Group
In other news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the sale, the chief executive officer directly owned 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director directly owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. William Blair started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating for the company. Hovde Group raised shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. Robert W. Baird started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. Finally, TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $516.33.
Read Our Latest Stock Analysis on EMCOR Group
EMCOR Group Stock Down 1.6%
NYSE:EME traded down $8.74 during mid-day trading on Tuesday, hitting $542.40. The stock had a trading volume of 416,862 shares, compared to its average volume of 513,904. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $553.97. The stock has a 50-day simple moving average of $476.84 and a two-hundred day simple moving average of $441.92. The company has a market capitalization of $24.28 billion, a PE ratio of 23.97 and a beta of 1.24. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08.
EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm's revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.17 earnings per share. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.
EMCOR Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued 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 payout ratio is currently 4.42%.
About EMCOR Group
(
Free Report)
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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