Sowell Financial Services LLC Takes Position in EMCOR Group, Inc. (NYSE:EME)

Sowell Financial Services LLC bought a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,653 shares of the construction company's stock, valued at approximately $981,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Redwood Investment Management LLC acquired a new position in shares of EMCOR Group in the fourth quarter worth about $1,417,000. Fifth Third Bancorp boosted its holdings in shares of EMCOR Group by 17.5% during the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after purchasing an additional 126 shares during the period. Van ECK Associates Corp boosted its holdings in shares of EMCOR Group by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company's stock worth $4,495,000 after purchasing an additional 502 shares during the period. Quantbot Technologies LP acquired a new stake in shares of EMCOR Group during the fourth quarter worth approximately $1,192,000. Finally, CX Institutional acquired a new stake in shares of EMCOR Group during the first quarter worth approximately $95,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the transaction, the director now owns 7,094 shares of the company's stock, valued at $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group 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 now directly owns 208,989 shares in the company, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on EME shares. Wall Street Zen cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. UBS Group started coverage on shares of EMCOR Group in a report on Friday, June 13th. They set a "buy" rating and a $570.00 price target for the company. Finally, Stifel Nicolaus decreased their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $509.60.

EMCOR Group Stock Down 0.0%

NYSE EME traded down $0.02 during trading on Friday, reaching $485.19. The company's stock had a trading volume of 1,452,509 shares, compared to its average volume of 455,796. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $21.72 billion, a PE ratio of 21.44 and a beta of 1.23. The business has a 50-day moving average price of $444.11 and a 200-day moving average price of $439.39. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The company's revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.17 earnings per share. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

EMCOR Group Announces Dividend

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

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.