TD Asset Management Inc Grows Stock Position in EMCOR Group, Inc. (NYSE:EME)

Key Points

• TD Asset Management Inc increased its holdings in EMCOR Group, Inc. by 3.6%, acquiring an additional 8,330 shares, bringing its total ownership to 242,161 shares valued at approximately $89.5 million.
• EMCOR Group reported earnings per share (EPS) of $5.41 for the last quarter, exceeding analysts' estimates of $4.57, alongside a revenue of $3.87 billion, which is a 12.7% year-over-year increase.
• The company announced a quarterly dividend of $0.25 per share, with the ex-dividend date set for July 15, representing a 0.16% yield.

TD Asset Management Inc raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,161 shares of the construction company's stock after acquiring an additional 8,330 shares during the quarter. TD Asset Management Inc owned approximately 0.54% of EMCOR Group worth $89,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. True Wealth Design LLC lifted 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 buying an additional 26 shares during the period. GeoWealth Management LLC lifted its position in shares of 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 purchasing an additional 28 shares during the period. Continuum Advisory LLC lifted its position in shares of EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares during the period. Alps Advisors Inc. lifted its position in shares of EMCOR Group by 3.4% in the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock worth $336,000 after purchasing an additional 30 shares during the period. Finally, HighPoint Advisor Group LLC lifted its position in shares of EMCOR Group by 4.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock worth $359,000 after purchasing an additional 32 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group boosted their price objective on shares of EMCOR Group from $570.00 to $715.00 and gave the stock a "buy" rating in a research note on Friday. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. The Goldman Sachs Group boosted their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Finally, TD Securities initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $581.40.

EMCOR Group Trading Down 0.4%

EME stock traded down $2.85 during mid-day trading on Monday, hitting $632.21. 578,366 shares of the company were exchanged, compared to its average volume of 497,455. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $28.30 billion, a P/E ratio of 27.94 and a beta of 1.24. The business has a fifty day simple moving average of $511.12 and a 200-day simple moving average of $451.54. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $641.96.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping the consensus estimate 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 return on equity of 37.12% and a net margin of 7.00%. EMCOR Group's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.17 EPS. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.16%. EMCOR Group's payout ratio is 4.42%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the sale, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

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.