Amalgamated Bank Has $3.86 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Amalgamated Bank lessened its stake in EMCOR Group, Inc. (NYSE:EMEGet Rating) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,296 shares of the construction company’s stock after selling 1,501 shares during the period. Amalgamated Bank’s holdings in EMCOR Group were worth $3,863,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in EMCOR Group by 0.7% in the 4th quarter. BlackRock Inc. now owns 7,800,083 shares of the construction company’s stock worth $993,650,000 after purchasing an additional 51,051 shares during the last quarter. State Street Corp raised its position in EMCOR Group by 3.6% in the 1st quarter. State Street Corp now owns 1,744,930 shares of the construction company’s stock worth $196,531,000 after purchasing an additional 61,165 shares during the last quarter. Victory Capital Management Inc. raised its position in EMCOR Group by 4.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,604,056 shares of the construction company’s stock worth $180,449,000 after purchasing an additional 68,570 shares during the last quarter. Lord Abbett & CO. LLC raised its position in EMCOR Group by 0.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,006,211 shares of the construction company’s stock worth $113,331,000 after purchasing an additional 5,001 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of EMCOR Group by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 624,020 shares of the construction company’s stock valued at $70,284,000 after acquiring an additional 21,670 shares during the last quarter. Institutional investors own 94.08% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the subject of several recent research reports. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 31st. KeyCorp upped their target price on shares of EMCOR Group from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 1st. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $138.75.

EMCOR Group Price Performance

EME opened at $118.77 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 0.13. EMCOR Group, Inc. has a 12 month low of $95.64 and a 12 month high of $135.98. The company has a fifty day simple moving average of $116.00 and a 200 day simple moving average of $111.05. The stock has a market cap of $5.86 billion, a P/E ratio of 16.68 and a beta of 1.12.

EMCOR Group (NYSE:EMEGet Rating) last released its quarterly earnings data on Thursday, July 28th. The construction company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.31. EMCOR Group had a net margin of 3.59% and a return on equity of 17.70%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts expect that EMCOR Group, Inc. will post 7.72 EPS for the current year.

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, October 18th will be given a $0.15 dividend. The ex-dividend date is Monday, October 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.13. EMCOR Group’s dividend payout ratio is currently 7.30%.

Insider Activity at EMCOR Group

In related news, CEO Anthony Guzzi sold 7,500 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $120.11, for a total value of $900,825.00. Following the completion of the transaction, the chief executive officer now directly owns 283,927 shares of the company’s stock, valued at approximately $34,102,471.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is owned by corporate insiders.

EMCOR Group Company Profile

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EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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