Private Advisor Group LLC Reduces Stock Position in EMCOR Group, Inc. (NYSE:EME)

Private Advisor Group LLC trimmed its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 35.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,905 shares of the construction company's stock after selling 1,046 shares during the period. Private Advisor Group LLC's holdings in EMCOR Group were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of EMCOR Group by 49,775.5% during the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after buying an additional 373,316 shares during the last quarter. Invesco Ltd. grew its stake in shares of EMCOR Group by 28.0% during the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after buying an additional 288,765 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of EMCOR Group by 94.2% during the fourth quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after buying an additional 148,915 shares during the last quarter. First Trust Advisors LP grew its stake in shares of EMCOR Group by 35.2% during the fourth quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after buying an additional 129,186 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of EMCOR Group by 203.0% during the first quarter. Assenagon Asset Management S.A. now owns 185,512 shares of the construction company's stock worth $68,571,000 after purchasing an additional 124,295 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. Robert W. Baird assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group lifted their price target 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, UBS Group boosted their target price on shares of EMCOR Group from $570.00 to $715.00 and gave the company a "buy" rating in a report on Friday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $605.33.

EMCOR Group Stock Down 0.3%

Shares of NYSE EME traded down $2.03 during trading on Friday, hitting $625.46. 508,793 shares of the company traded hands, compared to its average volume of 374,236. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.18. The business's fifty day moving average is $527.75 and its 200 day moving average is $457.25. The firm has a market capitalization of $27.99 billion, a price-to-earnings ratio of 25.95 and a beta of 1.24. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.25 earnings per share. Equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders 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 of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.15%.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were 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 of the company's stock, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.83% of the company's stock.

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.