Mediolanum International Funds Ltd Purchases 11,946 Shares of EMCOR Group, Inc. (NYSE:EME)

Key Points

• Mediolanum International Funds Ltd increased its stake in EMCOR Group by 73.9%, acquiring an additional 11,946 shares, bringing its total holdings to 28,104 shares worth $10.42 million.
• EMCOR Group's recent quarterly earnings report showed earnings per share of $5.41, exceeding analyst expectations of $4.57, with revenues reaching $3.87 billion, a 12.7% year-over-year increase.
• The company announced a quarterly dividend of $0.25 per share, with a dividend yield of 0.16% and a payout ratio of 4.42%.

Mediolanum International Funds Ltd boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 73.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,104 shares of the construction company's stock after buying an additional 11,946 shares during the quarter. Mediolanum International Funds Ltd owned approximately 0.06% of EMCOR Group worth $10,423,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BankPlus Trust Department grew its stake in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group during the 1st quarter worth approximately $30,000. Continuum Advisory LLC boosted its stake 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 worth $38,000 after acquiring an additional 29 shares during the period. Finally, Dogwood Wealth Management LLC bought a new position in shares of EMCOR Group during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director owned 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the company's 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 sale, the chief executive officer 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. Insiders own 1.26% of the company's stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $2.34 during trading on Wednesday, reaching $638.57. 150,341 shares of the company's stock were exchanged, compared to its average volume of 494,395. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $641.96. The company has a market cap of $28.58 billion, a P/E ratio of 28.22 and a beta of 1.24. The firm's 50-day moving average price is $517.64 and its 200 day moving average price is $453.97.

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

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a $0.25 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.16%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

Analyst Ratings Changes

Several brokerages have recently commented on EME. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Stifel Nicolaus boosted their price target on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. UBS Group lifted their price objective on EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and an average price target of $581.40.

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.