Vontobel Holding Ltd. Raises Stock Position in EMCOR Group, Inc. (NYSE:EME)

Vontobel Holding Ltd. increased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 378.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,572 shares of the construction company's stock after buying an additional 11,525 shares during the period. Vontobel Holding Ltd.'s holdings in EMCOR Group were worth $5,386,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EME. Ameritas Advisory Services LLC purchased a new stake in shares of EMCOR Group in the 1st quarter valued at about $1,134,000. New Wave Wealth Advisors LLC increased its position in shares of EMCOR Group by 8.8% in the first quarter. New Wave Wealth Advisors LLC now owns 1,079 shares of the construction company's stock worth $399,000 after purchasing an additional 87 shares during the last quarter. KBC Group NV raised its stake in EMCOR Group by 32.4% in the first quarter. KBC Group NV now owns 90,614 shares of the construction company's stock valued at $33,494,000 after purchasing an additional 22,161 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in EMCOR Group by 6.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company's stock valued at $171,852,000 after purchasing an additional 28,038 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its position in EMCOR Group by 95.4% during the first quarter. Achmea Investment Management B.V. now owns 46,742 shares of the construction company's stock valued at $17,277,000 after purchasing an additional 22,825 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 0.9%

Shares of EME traded up $4.84 during trading hours on Friday, hitting $546.64. The company had a trading volume of 302,472 shares, compared to its average volume of 449,861. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $550.18. 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 stock's 50 day moving average price is $474.05 and its 200 day moving average price is $441.65. The firm has a market cap of $24.47 billion, a P/E ratio of 24.16 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.17 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.18%. EMCOR Group's payout ratio is currently 4.42%.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction dated 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 owned 7,094 shares in the company, valued at $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 available at this link. Also, CEO Anthony Guzzi sold 7,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following 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 position. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EME shares. TD Securities began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Jefferies Financial Group started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Stifel Nicolaus lowered their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective for the company. Finally, William Blair initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $518.00.

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.