EMCOR Group, Inc. (NYSE:EME) Shares Sold by Choreo LLC

Choreo LLC lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 852 shares of the construction company’s stock after selling 234 shares during the quarter. Choreo LLC’s holdings in EMCOR Group were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EME. GAMMA Investing LLC boosted its holdings in shares of EMCOR Group by 49,775.5% in the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company’s stock valued at $138,266,000 after purchasing an additional 373,316 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company’s stock valued at $598,465,000 after purchasing an additional 288,765 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of EMCOR Group by 94.2% in the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company’s stock valued at $139,349,000 after purchasing an additional 148,915 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of EMCOR Group by 35.2% in the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company’s stock valued at $225,332,000 after purchasing an additional 129,186 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of EMCOR Group by 203.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 185,512 shares of the construction company’s stock valued at $68,571,000 after purchasing an additional 124,295 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. Stifel Nicolaus raised their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a “buy” rating in a research note on Friday, July 11th. TD Securities assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. Robert W. Baird assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 target price on the stock. Finally, William Blair assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $581.40.

EMCOR Group Stock Performance

EMCOR Group stock opened at $636.36 on Wednesday. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $641.96. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 28.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. The firm’s fifty day moving average price is $517.64 and its 200 day moving average price is $453.97.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $4.17 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 yield of 0.16%. The ex-dividend date is Tuesday, July 15th. EMCOR Group’s dividend payout ratio is currently 4.42%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 7,094 shares of the company’s stock, valued at $2,928,616.02. This trade represents a 11.78% 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, CEO Anthony Guzzi sold 7,000 shares of the firm’s stock in a transaction on 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 directly owned 208,989 shares of the company’s stock, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is 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.