EMCOR Group, Inc. (NYSE:EME) Shares Sold by Private Client Services LLC

Private Client Services LLC lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 65.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,127 shares of the construction company's stock after selling 2,126 shares during the quarter. Private Client Services LLC's holdings in EMCOR Group were worth $417,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Continuum Advisory LLC increased its stake in EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after purchasing an additional 29 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at $40,000. Summit Securities Group LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at $45,000. Park Square Financial Group LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at $48,000. Finally, True Wealth Design LLC increased its position 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 valued at $60,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

EME has been the topic of a number of research reports. Stifel Nicolaus cut their price objective on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wall Street Zen lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $494.50.

EMCOR Group Stock Up 0.6%

Shares of NYSE:EME traded up $2.94 during midday trading on Friday, reaching $471.20. The company's stock had a trading volume of 807,378 shares, compared to its average volume of 455,944. The firm has a market capitalization of $21.09 billion, a PE ratio of 23.93 and a beta of 1.18. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The stock has a fifty day moving average of $413.49 and a 200 day moving average of $441.77.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $4.17 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

EMCOR Group announced that its board has approved a stock buyback plan on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other news, CEO Anthony Guzzi sold 7,000 shares of the firm's 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 sale, the chief executive officer now owns 208,989 shares of the company's stock, 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 this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at $10,229,474.94. The trade was a 4.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,197 shares of company stock valued at $3,905,748 over the last ninety days. Company insiders own 0.83% of the company's stock.

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.