Wealth Enhancement Advisory Services LLC Sells 3,847 Shares of EMCOR Group, Inc. (NYSE:EME)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 12.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 26,421 shares of the construction company's stock after selling 3,847 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of EMCOR Group worth $9,766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Petra Financial Advisors Inc. grew its holdings in shares of EMCOR Group by 1.4% during the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock valued at $789,000 after buying an additional 24 shares during the last quarter. True Wealth Design LLC lifted its position in EMCOR Group by 24.3% in 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 boosted its stake in EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after purchasing an additional 28 shares during the last quarter. Continuum Advisory LLC increased its holdings 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 in the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in shares of EMCOR Group by 4.1% in the fourth 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 last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. UBS Group initiated coverage on EMCOR Group in a research report on Friday, June 13th. They issued a "buy" rating and a $570.00 target price for the company. Finally, Stifel Nicolaus dropped their price target 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. One analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $509.60.

Insider Transactions at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group 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 transaction, the chief executive officer now directly owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the transaction, the director now owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Stock Performance

EME stock opened at $495.31 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The company has a market cap of $22.17 billion, a P/E ratio of 21.89 and a beta of 1.23. The stock's fifty day moving average price is $448.32 and its 200-day moving average price is $438.08.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period last year, the firm posted $4.17 earnings per share. The business's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Thursday, April 17th. EMCOR Group's payout ratio is 4.42%.

EMCOR Group announced that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

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.

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