Vontobel Holding Ltd. Purchases 11,525 Shares of EMCOR Group, Inc. (NYSE:EME)

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

Several other hedge funds have also recently bought and sold shares of EME. Continuum Advisory LLC grew its stake 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 last quarter. Dogwood Wealth Management LLC acquired a new stake in shares of EMCOR Group in the fourth quarter worth $40,000. Summit Securities Group LLC acquired a new position in EMCOR Group during the 4th quarter valued at $45,000. Park Square Financial Group LLC bought a new stake in EMCOR Group in the 4th quarter valued at $48,000. Finally, True Wealth Design LLC grew 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 purchasing an additional 26 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EME shares. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Stifel Nicolaus dropped their target price on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. William Blair started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. Finally, TD Securities initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and an average price target of $518.00.

Insider Activity

In other 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 completion of the sale, the chief executive officer owned 208,989 shares in the company, valued at $91,125,473.67. The trade was 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.

EMCOR Group Stock Performance

Shares of EME traded up $4.84 during midday trading on Friday, reaching $546.64. 302,472 shares of the stock were exchanged, compared to its average volume of 450,502. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month 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 company has a market cap of $24.47 billion, a P/E ratio of 24.16 and a beta of 1.24. The stock's 50 day simple moving average is $474.05 and its 200 day simple moving average is $441.49.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.17 earnings per share. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

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.