Commonwealth Equity Services LLC Acquires 1,436 Shares of EMCOR Group, Inc. (NYSE:EME)

Commonwealth Equity Services LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 30.3% in the first quarter, Holdings Channel reports. The fund owned 6,174 shares of the construction company’s stock after purchasing an additional 1,436 shares during the quarter. Commonwealth Equity Services LLC’s holdings in EMCOR Group were worth $2,162,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in EMCOR Group in the 1st quarter worth about $28,000. Allworth Financial LP raised its position in EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after purchasing an additional 62 shares during the period. Independence Bank of Kentucky purchased a new stake in EMCOR Group in the 1st quarter worth about $33,000. CVA Family Office LLC purchased a new stake in EMCOR Group in the 4th quarter worth about $39,000. Finally, Evermay Wealth Management LLC purchased a new stake in EMCOR Group in the 4th quarter worth about $39,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “buy” rating and issued a $375.00 price objective on shares of EMCOR Group in a research report on Friday, March 22nd.

EMCOR Group Price Performance

Shares of NYSE:EME traded down $8.35 during trading on Friday, reaching $362.74. 90,723 shares of the company were exchanged, compared to its average volume of 467,549. The firm has a market capitalization of $17.05 billion, a PE ratio of 24.48 and a beta of 1.06. The business’s fifty day simple moving average is $377.31 and its 200-day simple moving average is $312.90. EMCOR Group, Inc. has a 12-month low of $180.63 and a 12-month high of $401.98.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. The business had revenue of $3.43 billion for the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

Insider Transactions at EMCOR Group

In related news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the transaction, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.26% of the company’s stock.

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.