Cambridge Advisors Inc. Sells 100 Shares of EMCOR Group, Inc. (NYSE:EME)

Cambridge Advisors Inc. lowered its position in EMCOR Group, Inc. (NYSE:EME) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,630 shares of the construction company’s stock after selling 100 shares during the period. Cambridge Advisors Inc.’s holdings in EMCOR Group were worth $1,132,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of EMCOR Group by 89.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock valued at $7,595,000 after acquiring an additional 10,269 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock valued at $35,901,000 after acquiring an additional 49,346 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of EMCOR Group in the fourth quarter valued at approximately $9,565,000. Montag A & Associates Inc. acquired a new stake in shares of EMCOR Group in the first quarter valued at approximately $1,772,000. Finally, Norden Group LLC raised its position in EMCOR Group by 1,379.5% in the 1st quarter. Norden Group LLC now owns 46,352 shares of the construction company’s stock worth $16,234,000 after purchasing an additional 43,219 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th.

EMCOR Group Stock Up 0.1 %

EMCOR Group stock opened at $446.07 on Friday. The business’s 50-day simple moving average is $410.72 and its 200 day simple moving average is $382.92. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 29.42 and a beta of 1.07. EMCOR Group, Inc. has a 12-month low of $191.50 and a 12-month high of $456.16.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (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 return on equity of 32.73% and a net margin of 6.01%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.95 earnings per share. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group’s dividend payout ratio is 6.60%.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.26% of the company’s stock.

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.