Boston Partners Has $26.05 Million Position in EMCOR Group, Inc. (NYSE:EME)

Boston Partners lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 7.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 74,395 shares of the construction company’s stock after selling 5,800 shares during the period. Boston Partners’ holdings in EMCOR Group were worth $26,054,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EME. Raymond James Financial Services Advisors Inc. lifted its position in shares of EMCOR Group by 47.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,818 shares of the construction company’s stock valued at $2,115,000 after acquiring an additional 3,143 shares during the period. Global Retirement Partners LLC lifted its position in shares of EMCOR Group by 28.1% during the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the construction company’s stock valued at $79,000 after acquiring an additional 79 shares during the period. Trust Point Inc. acquired a new position in EMCOR Group during the fourth quarter worth $430,000. Asset Management One Co. Ltd. acquired a new position in EMCOR Group during the fourth quarter worth $992,000. Finally, Fulton Bank N.A. raised its holdings in EMCOR Group by 3.3% during the fourth quarter. Fulton Bank N.A. now owns 3,639 shares of the construction company’s stock worth $784,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Down 4.5 %

EME traded down $16.42 during trading on Friday, hitting $349.70. 583,337 shares of the company’s stock were exchanged, compared to its average volume of 485,598. EMCOR Group, Inc. has a fifty-two week low of $191.50 and a fifty-two week high of $401.98. The stock has a market cap of $16.32 billion, a P/E ratio of 23.07 and a beta of 1.06. The business’s 50 day moving average is $373.98 and its two-hundred day moving average is $335.80.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the business posted $2.95 EPS. The business’s revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.29%. EMCOR Group’s payout ratio is 6.60%.

Analysts Set New Price Targets

Separately, DA Davidson upped their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the transaction, the director now owns 8,637 shares in the company, valued at $3,202,513.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Robin A. Walker-Lee sold 1,300 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the transaction, the director now owns 8,637 shares in the company, valued at $3,202,513.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Carol P. Lowe sold 1,245 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the transaction, the director now owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.