Russell Investments Group Ltd. Purchases 12,932 Shares of EMCOR Group, Inc. (NYSE:EME)

Russell Investments Group Ltd. boosted its position in EMCOR Group, Inc. (NYSE:EME) by 18.6% in the first quarter, HoldingsChannel reports. The firm owned 82,491 shares of the construction company’s stock after buying an additional 12,932 shares during the quarter. Russell Investments Group Ltd.’s holdings in EMCOR Group were worth $28,926,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in EMCOR Group by 89.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after purchasing an additional 10,269 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in EMCOR Group by 18.9% in the first quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock valued at $50,114,000 after acquiring an additional 22,700 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock valued at $35,901,000 after acquiring an additional 49,346 shares during the last quarter. AXS Investments LLC boosted its stake in EMCOR Group by 238.7% in the fourth quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock valued at $905,000 after acquiring an additional 2,960 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in EMCOR Group in the fourth quarter valued at about $9,565,000. 92.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

EMCOR Group Trading Up 2.8 %

Shares of EME stock traded up $10.49 during trading on Tuesday, reaching $390.88. 360,584 shares of the company’s stock traded hands, compared to its average volume of 462,209. The company has a market capitalization of $18.37 billion, a P/E ratio of 25.78 and a beta of 1.06. The firm’s 50-day moving average is $379.08 and its 200 day moving average is $323.13. EMCOR Group, Inc. has a 1 year low of $187.05 and a 1 year high of $401.98.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. The company 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%. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date is Monday, July 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

Analyst Ratings Changes

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

EMCOR Group 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.