Mesirow Financial Investment Management Inc. Purchases 1,569 Shares of EMCOR Group, Inc. (NYSE:EME)

Key Points

• Mesirow Financial Investment Management Inc. increased its stake in EMCOR Group by 48.8%, holding 4,782 shares valued at approximately $1.77 million as of the latest SEC filing.
• Several institutional investors are actively modifying their holdings in EMCOR Group, with notable increases from Private Trust Co. NA and Cambridge Investment Research Advisors Inc., among others.
• Analysts have set varied price targets for EMCOR Group, with a consensus target price around $581.40 and ratings ranging from "sell" to "strong buy."

Mesirow Financial Investment Management Inc. increased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 48.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,782 shares of the construction company's stock after buying an additional 1,569 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in EMCOR Group were worth $1,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EME. Invesco Ltd. lifted its stake in EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after purchasing an additional 288,765 shares in the last quarter. Select Equity Group L.P. lifted its stake in EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after purchasing an additional 16,563 shares in the last quarter. Geode Capital Management LLC lifted its stake in EMCOR Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock worth $463,320,000 after purchasing an additional 25,502 shares in the last quarter. Northern Trust Corp lifted its stake in EMCOR Group by 22.9% in the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock worth $250,046,000 after purchasing an additional 102,738 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in EMCOR Group by 3,878.2% in the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after purchasing an additional 521,147 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EME has been the topic of several research reports. UBS Group raised their price objective on shares of EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective on the stock. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Finally, DA Davidson raised their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average target price of $605.33.

Insider Buying and Selling

In related 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 value of $3,052,210.00. Following the transaction, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by insiders.

EMCOR Group Trading Down 0.3%

NYSE:EME traded down $2.03 during trading hours on Friday, reaching $625.46. The company's stock had a trading volume of 508,793 shares, compared to its average volume of 374,236. The firm has a market capitalization of $28.00 billion, a price-to-earnings ratio of 25.95 and a beta of 1.27. The firm has a 50-day simple moving average of $524.51 and a 200-day simple moving average of $456.34. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $5.25 EPS. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) 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.