EMCOR Group, Inc. (NYSE:EME) Shares Bought by Saturna Capital Corp

Saturna Capital Corp boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 6.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,142 shares of the construction company’s stock after purchasing an additional 73 shares during the period. Saturna Capital Corp’s holdings in EMCOR Group were worth $422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in EMCOR Group by 28.6% in the first quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock valued at $103,000 after purchasing an additional 62 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in EMCOR Group by 20.8% in the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock valued at $7,317,000 after purchasing an additional 3,407 shares during the last quarter. Redwood Investment Management LLC purchased a new position in EMCOR Group in the fourth quarter valued at about $1,417,000. Cambridge Investment Research Advisors Inc. boosted its holdings in EMCOR Group by 146.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company’s stock valued at $3,955,000 after purchasing an additional 6,361 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in EMCOR Group by 17.5% in the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company’s stock valued at $312,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Activity at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 208,989 shares in the company, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the business’s stock in a transaction that occurred 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 directly owned 7,094 shares in the company, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating for the company. Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 price target for the company. William Blair assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating for the company. Stifel Nicolaus lifted their price target on EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $532.00.

EMCOR Group Trading Up 1.1%

Shares of NYSE EME opened at $559.40 on Friday. The company has a market cap of $25.04 billion, a price-to-earnings ratio of 24.72 and a beta of 1.24. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $570.06. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $497.09 and its 200 day simple moving average is $447.13.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. The business 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 37.12% and a net margin of 7.00%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $4.17 EPS. Equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. EMCOR Group’s dividend payout ratio is presently 4.42%.

About EMCOR Group

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.