UNIVEST FINANCIAL Corp Makes New $2.13 Million Investment in EMCOR Group, Inc. (NYSE:EME)

Key Points

• UNIVEST FINANCIAL Corp acquired a new stake in EMCOR Group, Inc., purchasing 5,773 shares valued at approximately $2,134,000 during the first quarter.
• Several institutional investors have increased their holdings in EMCOR Group, with Pacer Advisors Inc. raising its stake by an impressive 3,878.2% in the first quarter.
• Analysts have shown optimism, with DA Davidson raising their price target on EMCOR Group from $515.00 to $725.00 and issuing a "buy" rating, while the company's current average price target is $605.33.

UNIVEST FINANCIAL Corp purchased a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,773 shares of the construction company's stock, valued at approximately $2,134,000.

A number of other hedge funds have also recently bought and sold shares of EME. True Wealth Design LLC grew its holdings in shares of EMCOR Group by 24.3% during 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 in the last quarter. GeoWealth Management LLC increased its stake in shares of EMCOR Group by 12.4% during 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 last quarter. Continuum Advisory LLC boosted its holdings in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after buying an additional 29 shares during the period. Alps Advisors Inc. boosted its holdings in shares of EMCOR Group by 3.4% during the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock worth $336,000 after buying an additional 30 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of EMCOR Group by 17.9% during the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company's stock worth $87,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Down 0.7%

NYSE:EME traded down $4.56 during trading hours on Tuesday, hitting $624.66. The company had a trading volume of 404,700 shares, compared to its average volume of 497,314. The company has a market capitalization of $27.96 billion, a PE ratio of 25.92 and a beta of 1.27. The stock has a 50-day moving average price of $527.75 and a 200 day moving average price of $456.56. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.25 earnings per share. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.15%.

Analyst Upgrades and Downgrades

EME has been the subject of a number of research reports. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Stifel Nicolaus lifted their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. The Goldman Sachs Group boosted 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, July 8th. Finally, Hovde Group raised shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $605.33.

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.