Fidelis Capital Partners LLC Raises Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Fidelis Capital Partners LLC boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 24.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,135 shares of the construction company’s stock after purchasing an additional 224 shares during the quarter. Fidelis Capital Partners LLC’s holdings in EMCOR Group were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Matrix Trust Co purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at $26,000. Proffitt & Goodson Inc. purchased a new stake in EMCOR Group during the second quarter valued at about $27,000. Innealta Capital LLC bought a new stake in EMCOR Group during the second quarter worth about $29,000. ORG Partners LLC purchased a new position in shares of EMCOR Group in the 2nd quarter worth about $31,000. Finally, Independence Bank of Kentucky bought a new position in shares of EMCOR Group during the 1st quarter valued at about $33,000. 92.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, 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 value of $482,027.00. Following the completion of the transaction, the director now owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Trading Down 0.0 %

EME opened at $435.45 on Tuesday. EMCOR Group, Inc. has a 12 month low of $191.50 and a 12 month high of $441.89. The business’s 50-day moving average price is $374.20 and its 200-day moving average price is $367.46. The company has a market cap of $20.46 billion, a P/E ratio of 28.72 and a beta of 1.07.

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

EMCOR Group declared that its board has authorized a stock buyback plan on Friday, June 7th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

EMCOR Group Announces Dividend

The company 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 was Monday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.23%. EMCOR Group’s payout ratio is currently 6.60%.

Analyst Upgrades and Downgrades

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

EMCOR Group 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.