EMCOR Group, Inc. (NYSE:EME) Stock Holdings Decreased by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC decreased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,112 shares of the construction company's stock after selling 1,880 shares during the period. EMCOR Group comprises approximately 1.6% of WESPAC Advisors SoCal LLC's portfolio, making the stock its 26th largest position. WESPAC Advisors SoCal LLC's holdings in EMCOR Group were worth $5,955,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BankPlus Trust Department lifted its position in shares of EMCOR Group by 200.0% during the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after purchasing an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of EMCOR Group during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of EMCOR Group during the 1st quarter worth $30,000. Continuum Advisory LLC lifted its position 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 purchasing an additional 29 shares during the last quarter. Finally, Dogwood Wealth Management LLC purchased a new stake in shares of EMCOR Group during the 4th quarter worth $40,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

EME has been the subject of several recent analyst reports. William Blair began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating for the company. TD Securities assumed coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. The Goldman Sachs Group upped their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. Stifel Nicolaus boosted their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, UBS Group boosted their price target on shares of EMCOR Group from $570.00 to $715.00 and gave the stock a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has assigned 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 $556.17.

EMCOR Group Trading Up 9.7%

Shares of EME traded up $55.87 on Friday, hitting $634.67. 658,109 shares of the stock traded hands, compared to its average volume of 348,370. 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 firm has a market capitalization of $28.41 billion, a P/E ratio of 28.05 and a beta of 1.24. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $636.38. The stock's 50 day moving average is $511.12 and its two-hundred day moving average is $451.86.

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

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's payout ratio is 4.42%.

Insiders Place Their Bets

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the transaction, the chief executive officer directly owned 208,989 shares of the company's stock, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

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.