Mount Yale Investment Advisors LLC Sells 696 Shares of EMCOR Group, Inc. (NYSE:EME)

Mount Yale Investment Advisors LLC lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 24.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,128 shares of the construction company’s stock after selling 696 shares during the period. Mount Yale Investment Advisors LLC’s holdings in EMCOR Group were worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EME. Assenagon Asset Management S.A. boosted its stake in EMCOR Group by 66.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 83,654 shares of the construction company’s stock worth $36,016,000 after acquiring an additional 33,491 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in EMCOR Group by 7.1% in the third quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock worth $3,969,000 after purchasing an additional 612 shares during the period. International Assets Investment Management LLC acquired a new position in shares of EMCOR Group in the 3rd quarter valued at $31,140,000. Meadow Creek Wealth Advisors LLC acquired a new position in shares of EMCOR Group in the 3rd quarter valued at $231,000. Finally, Lazari Capital Management Inc. increased its position in shares of EMCOR Group by 9.0% in the 3rd quarter. Lazari Capital Management Inc. now owns 618 shares of the construction company’s stock valued at $266,000 after buying an additional 51 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EME. DA Davidson boosted their target price on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

EMCOR Group Stock Down 4.0 %

Shares of EME stock opened at $428.38 on Friday. EMCOR Group, Inc. has a 12-month low of $201.96 and a 12-month high of $456.16. The firm has a fifty day moving average of $411.96 and a 200-day moving average of $383.39. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 28.26 and a beta of 1.07.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $1.49. The firm had revenue of $3.67 billion during 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 company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.95 EPS. On average, equities analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the transaction, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.