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

by · The Cerbat Gem

Strategic Advocates LLC reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,823 shares of the construction company’s stock after selling 127 shares during the quarter. Strategic Advocates LLC’s holdings in EMCOR Group were worth $674,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BankPlus Trust Department raised its stake in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in EMCOR Group during the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. acquired a new stake in EMCOR Group during the 1st quarter valued at $30,000. Continuum Advisory LLC increased its stake in 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 buying an additional 29 shares during the period. Finally, Dogwood Wealth Management LLC acquired a new position in EMCOR Group in the 4th quarter worth $40,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group raised their target price on EMCOR Group from $570.00 to $715.00 and gave the company a “buy” rating in a research note on Friday, July 25th. TD Securities initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued a “buy” rating for the company. William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They set an “outperform” rating for the company. Robert W. Baird began coverage on EMCOR Group in a research report on Friday, June 27th. They issued an “outperform” rating and a $560.00 target price on the stock. Finally, Hovde Group raised shares of EMCOR Group to a “hold” rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $581.40.

Read Our Latest Report on EMCOR Group

Insider Activity

In other news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction dated 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 transaction, the chief executive officer directly owned 208,989 shares of the company’s stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

EMCOR Group Trading Down 2.0%

Shares of NYSE EME opened at $626.40 on Friday. 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 stock’s 50 day moving average price is $524.51 and its two-hundred day moving average price is $456.34. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $667.64. The stock has a market capitalization of $28.04 billion, a P/E ratio of 27.68 and a beta of 1.24.

EMCOR Group (NYSE:EME – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the business earned $5.25 EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 4.42%.

EMCOR Group Company Profile

(Free Report)

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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