Los Angeles Capital Management LLC Reduces Holdings in EMCOR Group, Inc. (NYSE:EME)

Los Angeles Capital Management LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 35.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,929 shares of the construction company's stock after selling 85,710 shares during the period. Los Angeles Capital Management LLC owned approximately 0.34% of EMCOR Group worth $57,266,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BankPlus Trust Department boosted its holdings in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in EMCOR Group in the first quarter valued at approximately $28,000. Continuum Advisory LLC increased its stake in shares of EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after buying an additional 29 shares during the period. Dogwood Wealth Management LLC bought a new stake in shares of EMCOR Group during the 4th quarter valued at $40,000. Finally, Summit Securities Group LLC purchased a new position in EMCOR Group in the 4th quarter worth about $45,000. Institutional investors own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the transaction, the chief executive officer directly owned 208,989 shares in the company, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

EMCOR Group Trading Up 1.1%

EME traded up $6.20 during midday trading on Friday, hitting $565.45. The company's stock had a trading volume of 415,086 shares, compared to its average volume of 449,894. The firm has a market cap of $25.31 billion, a P/E ratio of 24.99 and a beta of 1.24. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $570.00. 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 50-day moving average price of $499.62 and a two-hundred day moving average price of $447.79.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. The business 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 firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.17 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.18%. The ex-dividend date is Tuesday, July 15th. EMCOR Group's payout ratio is presently 4.42%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Jefferies Financial Group started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. The Goldman Sachs Group raised their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Finally, William Blair assumed coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $532.00.

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.