EMCOR Group, Inc. (NYSE:EME) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in EMCOR Group by 11.3%, now holding 27,381 shares valued at approximately $10.12 million.
• EMCOR Group reported $6.72 earnings per share for the last quarter, outperforming estimates and showing a 17.4% year-over-year revenue increase to $4.30 billion.
• The company announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a yield of 0.2%.

Natixis Advisors LLC lessened its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,381 shares of the construction company's stock after selling 3,498 shares during the quarter. Natixis Advisors LLC owned about 0.06% of EMCOR Group worth $10,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EME. Invesco Ltd. increased its position in EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock valued at $598,465,000 after acquiring an additional 288,765 shares during the period. Select Equity Group L.P. boosted its holdings 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 buying an additional 16,563 shares during the period. 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. Pacer Advisors Inc. grew its position in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after acquiring an additional 521,147 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock valued at $225,332,000 after acquiring an additional 129,186 shares during the period. Institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EME. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Jefferies Financial Group started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. The Goldman Sachs Group upped their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. Finally, TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, EMCOR Group has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Down 1.0%

NYSE EME traded down $6.26 on Thursday, hitting $616.01. The stock had a trading volume of 125,508 shares, compared to its average volume of 493,416. The business's fifty day moving average price is $537.07 and its 200 day moving average price is $459.69. The stock has a market cap of $27.57 billion, a price-to-earnings ratio of 25.57 and a beta of 1.27. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly 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. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The company had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the previous year, the firm posted $5.25 EPS. The firm's revenue was up 17.4% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.15%.

About EMCOR Group

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.