Private Client Services LLC Takes $676,000 Position in EMCOR Group, Inc. (NYSE:EME)

Private Client Services LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,140 shares of the construction company's stock, valued at approximately $676,000.

Several other institutional investors have also recently made changes to their positions in the business. Zions Bancorporation N.A. purchased a new stake in EMCOR Group in the 1st quarter worth approximately $26,000. Parkside Financial Bank & Trust grew its holdings in EMCOR Group by 66.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company's stock valued at $28,000 after buying an additional 100 shares in the last quarter. Allworth Financial LP grew its holdings in EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company's stock valued at $29,000 after buying an additional 62 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in EMCOR Group during the 2nd quarter valued at approximately $35,000. Finally, Arlington Trust Co LLC purchased a new stake in EMCOR Group during the 3rd quarter valued at approximately $35,000. Institutional investors own 92.59% of the company's stock.

Insider Buying and Selling

In related news, CEO Anthony Guzzi sold 6,000 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the sale, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EME has been the subject of a number of research analyst reports. DA Davidson reaffirmed a "buy" rating and set a $375.00 price objective on shares of EMCOR Group in a report on Friday, March 22nd. KeyCorp assumed coverage on EMCOR Group in a research report on Wednesday, January 10th. They set a "sector weight" rating for the company.

EMCOR Group Price Performance

Shares of NYSE EME traded down $4.57 during midday trading on Monday, reaching $347.31. 352,695 shares of the stock traded hands, compared to its average volume of 414,215. The stock has a market capitalization of $16.34 billion, a PE ratio of 26.09 and a beta of 1.10. EMCOR Group, Inc. has a one year low of $155.14 and a one year high of $369.53. The company's 50 day moving average is $309.31 and its 200 day moving average is $246.85.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.51 by $0.96. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. EMCOR Group's revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $2.63 earnings per share. As a group, equities analysts forecast that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, April 15th. This is an increase from EMCOR Group's previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a yield of 0.29%. EMCOR Group's dividend payout ratio (DPR) is currently 5.41%.

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.