OVERSEA CHINESE BANKING Corp Ltd Sells 410 Shares of EMCOR Group, Inc. (NYSE:EME)

OVERSEA CHINESE BANKING Corp Ltd cut its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 704 shares of the construction company's stock after selling 410 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in EMCOR Group were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings 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 worth $60,000 after purchasing an additional 26 shares in the last quarter. GeoWealth Management LLC lifted its position in EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after buying an additional 28 shares during the last quarter. Continuum Advisory LLC boosted its stake in 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 in the last quarter. Alps Advisors Inc. grew its position in EMCOR Group by 3.4% during the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after acquiring an additional 30 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of EMCOR Group by 17.9% during the first quarter. Allworth Financial LP now owns 217 shares of the construction company's stock worth $87,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Down 0.3%

NYSE EME opened at $625.46 on Monday. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $667.64. The stock has a market capitalization of $28.00 billion, a PE ratio of 25.95 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business's 50-day moving average is $527.75 and its 200 day moving average is $456.56.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the company earned $5.25 EPS. The business's quarterly revenue was up 17.4% compared to the same quarter last year. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.25 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group's dividend payout ratio is 4.15%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EME. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target for the company. TD Securities began coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Jefferies Financial Group began coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. Finally, Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $605.33.

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.

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