Oddo BHF Asset Management Sas Sells 11,328 Shares of EMCOR Group, Inc. $EME

Oddo BHF Asset Management Sas lessened its position in EMCOR Group, Inc. (NYSE:EME) by 21.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,007 shares of the construction company’s stock after selling 11,328 shares during the period. EMCOR Group comprises about 1.2% of Oddo BHF Asset Management Sas’ portfolio, making the stock its 17th largest holding. Oddo BHF Asset Management Sas’ holdings in EMCOR Group were worth $31,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in EMCOR Group in the 1st quarter valued at about $27,000. Swiss RE Ltd. bought a new stake in EMCOR Group in the fourth quarter valued at approximately $25,000. Zions Bancorporation National Association UT bought a new stake in EMCOR Group in the fourth quarter valued at approximately $28,000. Activest Wealth Management lifted its position in shares of EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after buying an additional 48 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its position in shares of EMCOR Group by 71.9% in the fourth quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after buying an additional 23 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

EMCOR Group Stock Performance

NYSE:EME opened at $671.68 on Thursday. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The firm has a market cap of $29.85 billion, a price-to-earnings ratio of 22.53 and a beta of 1.13. The firm’s 50-day simple moving average is $803.03 and its 200 day simple moving average is $786.60.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $5.90 by $0.94. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.41 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 5.37%.

Insider Activity at EMCOR Group

In other news, Director William P. Reid sold 2,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the sale, the director directly owned 10,149 shares in the company, valued at approximately $9,395,741.22. The trade was a 16.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is currently owned by company insiders.

EMCOR Group Company Profile

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.