Value Aligned Research Advisors LLC Buys 112,413 Shares of EMCOR Group, Inc. $EME

Value Aligned Research Advisors LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 101.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,521 shares of the construction company’s stock after acquiring an additional 112,413 shares during the quarter. EMCOR Group comprises approximately 0.8% of Value Aligned Research Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Value Aligned Research Advisors LLC’s holdings in EMCOR Group were worth $165,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EME. Ascentis Independent Advisors bought a new position in shares of EMCOR Group during the first quarter worth $27,000. Swiss RE Ltd. acquired a new position in shares of EMCOR Group in the 4th quarter valued at $25,000. Zions Bancorporation National Association UT bought a new stake in shares of EMCOR Group in the 4th quarter valued at $28,000. Activest Wealth Management increased its position in shares of EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its stake in EMCOR Group by 71.9% during the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock worth $34,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Down 4.8%

EME opened at $707.26 on Wednesday. The stock has a market capitalization of $31.43 billion, a P/E ratio of 23.73 and a beta of 1.13. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The firm’s fifty day simple moving average is $806.66 and its 200 day simple moving average is $786.30.

EMCOR Group (NYSE:EMEGet Free Report) last announced its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.41 EPS. On average, equities research analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 15th. EMCOR Group’s payout ratio is 5.37%.

Insider Buying and Selling

In related news, Director Steven Schwarzwaelder sold 5,602 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total value of $5,014,854.38. Following the sale, the director owned 15,875 shares of the company’s stock, valued at approximately $14,211,141.25. This trade represents a 26.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason R. Nalbandian sold 800 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the sale, the chief financial officer owned 18,157 shares in the company, valued at $15,550,199.51. The trade was a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,027 shares of company stock valued at $8,957,466. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

EME has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. Oppenheimer started coverage on EMCOR Group in a report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,123.00 price objective on shares of EMCOR Group in a research report on Tuesday, June 16th. Finally, Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus price target of $871.25.

View Our Latest Stock Report on EMCOR Group

EMCOR Group Profile

(Free Report)

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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