Knights of Columbus Asset Advisors LLC Has $3.07 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in EMCOR Group, Inc. by 13.4%, now holding 8,291 shares valued at approximately $3.07 million.
• EMCOR Group recently reported a quarterly EPS of $5.41, exceeding analysts' expectations of $4.57, with revenue up 12.7% year-over-year.
• The company announced a quarterly dividend of $0.25, indicating a modest annualized yield of 0.17% and a payout ratio of 4.42%.

Knights of Columbus Asset Advisors LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,291 shares of the construction company's stock after selling 1,280 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in EMCOR Group were worth $3,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in shares of EMCOR Group by 24.3% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after buying an additional 26 shares in the last quarter. GeoWealth Management LLC increased its stake in shares of EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after purchasing an additional 28 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of EMCOR Group by 3.4% in the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after purchasing an additional 30 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its stake in shares of EMCOR Group by 4.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock valued at $359,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

NYSE:EME traded up $55.87 during trading hours on Friday, hitting $634.67. 658,109 shares of the company traded hands, compared to its average volume of 348,370. 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, Inc. has a twelve month low of $319.49 and a twelve month high of $636.38. The firm has a 50-day moving average of $511.12 and a 200 day moving average of $451.70. The stock has a market capitalization of $28.41 billion, a price-to-earnings ratio of 28.05 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.17 earnings per share. On average, analysts forecast 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 will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.16%. EMCOR Group's payout ratio is 4.42%.

Analyst Ratings Changes

Several research firms have commented on EME. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. TD Securities started coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Robert W. Baird started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. The Goldman Sachs Group boosted their target price on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. Finally, William Blair initiated coverage on shares of EMCOR Group in a research 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 assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $556.17.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the sale, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction on 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 transaction, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

EMCOR Group 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.