4,320 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC has acquired a new stake in EMCOR Group, Inc., purchasing 4,320 shares valued at approximately $1,597,000 during the 1st quarter.
• EMCOR Group's recent earnings report showed an EPS of $6.72, exceeding estimates and reflecting a 17.4% year-over-year revenue growth.
• Analysts have upgraded EMCOR Group's rating, with several firms issuing a "strong-buy" label and the consensus price target currently set at $594.50.

Virtu Financial LLC acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,320 shares of the construction company's stock, valued at approximately $1,597,000.

A number of other large investors also recently bought and sold shares of EME. BankPlus Trust Department lifted its position in EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of EMCOR Group in the 1st quarter valued at approximately $30,000. Pandora Wealth Inc. purchased a new stake in shares of EMCOR Group in the first quarter valued at approximately $37,000. Finally, Continuum Advisory LLC grew its holdings in EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EME shares. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. Robert W. Baird initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. Finally, Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Trading Down 1.1%

NYSE EME traded down $6.86 during mid-day trading on Thursday, hitting $609.85. The company's stock had a trading volume of 239,151 shares, compared to its average volume of 488,283. The firm has a market capitalization of $27.30 billion, a P/E ratio of 25.31 and a beta of 1.27. 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, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The stock's fifty day simple moving average is $551.52 and its two-hundred day simple moving average is $462.91.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $5.25 earnings per share. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

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

EMCOR Group Company 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.