Regents Gate Capital LLP Sells 13,557 Shares of EMCOR Group, Inc. (NYSE:EME)

Regents Gate Capital LLP cut its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 86.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,184 shares of the construction company's stock after selling 13,557 shares during the period. Regents Gate Capital LLP's holdings in EMCOR Group were worth $807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EME. Continuum Advisory LLC lifted its position in EMCOR Group by 53.7% during the fourth 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 bought a new position in shares of EMCOR Group in the fourth quarter worth approximately $40,000. Summit Securities Group LLC bought a new position in shares of EMCOR Group in the fourth quarter worth approximately $45,000. Park Square Financial Group LLC bought a new position in shares of EMCOR Group in the fourth quarter worth approximately $48,000. Finally, True Wealth Design LLC boosted its position in shares of EMCOR Group by 24.3% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

Shares of EME traded up $2.07 during mid-day trading on Thursday, hitting $548.35. 383,258 shares of the stock were exchanged, compared to its average volume of 450,979. The company has a market cap of $24.54 billion, a PE ratio of 24.23 and a beta of 1.24. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $553.97. The firm has a 50-day moving average of $485.08 and a two-hundred day moving average of $443.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.17 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's payout ratio is 4.42%.

Analyst Ratings Changes

A number of research firms have weighed in on EME. TD Securities began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. The Goldman Sachs Group increased their target price on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday. UBS Group initiated coverage on EMCOR Group in a research report on Friday, June 13th. They set a "buy" rating and a $570.00 target price for the company. William Blair initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating for the company. Finally, Stifel Nicolaus cut their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $516.33.

Insider Transactions at EMCOR Group

In other EMCOR Group 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 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. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director directly owned 7,094 shares of the company's stock, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

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.