Cambridge Investment Research Advisors Inc. Has $512,000 Position in EMCOR Group, Inc. (NYSE:EME)

Cambridge Investment Research Advisors Inc. grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME – Get Rating) by 39.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,454 shares of the construction company’s stock after acquiring an additional 976 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in EMCOR Group were worth $512,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EME. State Street Corp boosted its position in shares of EMCOR Group by 3.6% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in EMCOR Group by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,112,271 shares of the construction company’s stock valued at $128,446,000 after purchasing an additional 8,159 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in EMCOR Group by 2.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,041,074 shares of the construction company’s stock valued at $120,223,000 after purchasing an additional 23,080 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in EMCOR Group by 1,083.3% during the 4th quarter. Congress Asset Management Co. MA now owns 719,846 shares of the construction company’s stock valued at $106,616,000 after purchasing an additional 659,012 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 purchasing an additional 21,670 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Price Performance

Shares of NYSE EME opened at $167.48 on Friday. EMCOR Group, Inc. has a twelve month low of $95.64 and a twelve month high of $174.05. The stock’s 50 day moving average price is $161.38 and its 200-day moving average price is $154.92. The company has a market capitalization of $7.99 billion, a PE ratio of 18.40 and a beta of 1.09. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

EMCOR Group (NYSE:EME – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The construction company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.49. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.87 billion. EMCOR Group had a net margin of 3.91% and a return on equity of 22.68%. EMCOR Group’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. On average, equities analysts anticipate that EMCOR Group, Inc. will post 9.74 EPS for the current year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 17th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Friday, April 14th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.15. EMCOR Group’s payout ratio is 7.91%.

Insider Buying and Selling

In related news, EVP R Kevin Matz sold 13,462 shares of EMCOR Group stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $165.46, for a total value of $2,227,422.52. Following the sale, the executive vice president now owns 191,709 shares of the company’s stock, valued at approximately $31,720,171.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other EMCOR Group news, CFO Mark A. Pompa sold 25,000 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $170.00, for a total transaction of $4,250,000.00. Following the sale, the chief financial officer now owns 58,758 shares of the company’s stock, valued at approximately $9,988,860. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP R Kevin Matz sold 13,462 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $165.46, for a total transaction of $2,227,422.52. Following the sale, the executive vice president now directly owns 191,709 shares in the company, valued at approximately $31,720,171.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,462 shares of company stock valued at $8,298,143. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. DA Davidson lifted their price target on EMCOR Group from $165.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, February 24th. StockNews.com initiated coverage on EMCOR Group in a research note on Thursday, May 18th. They issued a “strong-buy” rating on the stock.

EMCOR Group Company Profile

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EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: United States Electrical Construction and Facilities Services, United States Mechanical Construction and Facilities Services, United States Building Services, United States Industrial Services, and United Kingdom Building Services.