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

Boston Partners lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 7.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 74,395 shares of the construction company’s stock after selling 5,800 shares during the period. Boston Partners owned 0.16% of EMCOR Group worth $26,054,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Cetera Advisors LLC boosted its position in shares of EMCOR Group by 165.3% during the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock worth $2,174,000 after purchasing an additional 3,869 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of EMCOR Group by 109.9% during the first quarter. Cetera Investment Advisers now owns 18,302 shares of the construction company’s stock worth $6,410,000 after purchasing an additional 9,584 shares in the last quarter. Burney Co. bought a new position in shares of EMCOR Group during the first quarter worth $334,000. Atria Investments Inc boosted its position in shares of EMCOR Group by 28.1% during the first quarter. Atria Investments Inc now owns 6,565 shares of the construction company’s stock worth $2,299,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of EMCOR Group by 3.3% during the first quarter. Comerica Bank now owns 35,691 shares of the construction company’s stock worth $12,499,000 after purchasing an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the business’s 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 sale, the director now directly owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the business’s 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 sale, the director now directly owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the sale, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Down 4.5 %

EME traded down $16.42 during trading on Friday, hitting $349.70. The company had a trading volume of 583,337 shares, compared to its average volume of 485,598. The company has a market capitalization of $16.32 billion, a PE ratio of 23.07 and a beta of 1.06. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $401.98. The firm’s 50-day moving average price is $373.98 and its 200 day moving average price is $335.80.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.29%. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

EMCOR Group Company 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.