EMCOR Group, Inc. (NYSE:EME) CEO Anthony Guzzi sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $114.16, for a total value of $2,854,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
EME opened at $114.25 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 1.44. The company’s 50 day simple moving average is $106.23 and its two-hundred day simple moving average is $89.43. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 46.07 and a beta of 1.18. EMCOR Group, Inc. has a 1-year low of $52.94 and a 1-year high of $115.88.
EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, February 25th. The construction company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.43. EMCOR Group had a return on equity of 16.86% and a net margin of 1.57%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that EMCOR Group, Inc. will post 5.97 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the company. DA Davidson boosted their price target on EMCOR Group from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, December 23rd. Sidoti cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $102.00 target price for the company. in a research note on Thursday, January 21st. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $80.25.
Institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in EMCOR Group by 8.7% during the third quarter. Federated Hermes Inc. now owns 15,409 shares of the construction company’s stock worth $1,043,000 after acquiring an additional 1,233 shares during the last quarter. Guggenheim Capital LLC lifted its stake in EMCOR Group by 43.0% during the third quarter. Guggenheim Capital LLC now owns 4,442 shares of the construction company’s stock worth $301,000 after purchasing an additional 1,336 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of EMCOR Group by 5.7% during the third quarter. UBS Asset Management Americas Inc. now owns 68,061 shares of the construction company’s stock worth $4,608,000 after buying an additional 3,688 shares during the period. Profund Advisors LLC increased its stake in EMCOR Group by 24.9% during the third quarter. Profund Advisors LLC now owns 4,152 shares of the construction company’s stock worth $281,000 after purchasing an additional 827 shares during the period. Finally, Public Sector Pension Investment Board acquired a new position in shares of EMCOR Group in the third quarter valued at approximately $535,000. 93.31% of the stock is owned by institutional investors and hedge funds.
About EMCOR Group
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, food processing, and mining industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, and fiber optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; fire protection 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.
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