Simon Quick Advisors LLC Purchases 52 Shares of EMCOR Group, Inc. (NYSE:EME)

Simon Quick Advisors LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,070 shares of the construction company’s stock after acquiring an additional 52 shares during the quarter. Simon Quick Advisors LLC’s holdings in EMCOR Group were worth $396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redwood Investment Management LLC bought a new stake in shares of EMCOR Group during the fourth quarter worth $1,417,000. Van ECK Associates Corp raised its position in shares of EMCOR Group by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company’s stock worth $4,495,000 after acquiring an additional 502 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of EMCOR Group during the fourth quarter worth $1,192,000. Asset Management One Co. Ltd. raised its position in shares of EMCOR Group by 16.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 19,738 shares of the construction company’s stock worth $9,067,000 after acquiring an additional 2,770 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of EMCOR Group during the fourth quarter worth $309,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. UBS Group assumed coverage on EMCOR Group in a report on Friday. They issued a “buy” rating and a $570.00 price objective for the company. Finally, Stifel Nicolaus dropped their price objective on EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $509.60.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the sale, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director now owns 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Price Performance

EMCOR Group stock opened at $477.30 on Friday. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The stock’s fifty day moving average price is $433.12 and its two-hundred day moving average price is $440.30. The firm has a market cap of $21.36 billion, a PE ratio of 24.24 and a beta of 1.23.

EMCOR Group (NYSE:EME) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping the consensus estimate of $4.57 by $0.84. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.17 EPS. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group’s payout ratio is 4.42%.

EMCOR Group announced that its board has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.