Farther Finance Advisors LLC Grows Position in EMCOR Group, Inc. (NYSE:EME)

Farther Finance Advisors LLC increased its position in EMCOR Group, Inc. (NYSE:EME) by 3,735.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,726 shares of the construction company’s stock after buying an additional 1,681 shares during the quarter. Farther Finance Advisors LLC’s holdings in EMCOR Group were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Commonwealth Equity Services LLC increased its position in shares of EMCOR Group by 12.9% in the second quarter. Commonwealth Equity Services LLC now owns 6,973 shares of the construction company’s stock valued at $2,546,000 after acquiring an additional 799 shares during the period. Mezzasalma Advisors LLC lifted its holdings in EMCOR Group by 1,430.6% in the 2nd quarter. Mezzasalma Advisors LLC now owns 10,316 shares of the construction company’s stock worth $3,766,000 after buying an additional 9,642 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $14,177,000. WBI Investments LLC purchased a new position in shares of EMCOR Group during the second quarter valued at approximately $1,205,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of EMCOR Group during the second quarter valued at approximately $1,612,000. 92.59% of the stock is currently owned by institutional investors.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction dated 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 approximately $3,202,513.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction dated 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 approximately $3,202,513.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $374.23, for a total transaction of $465,916.35. Following the transaction, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson boosted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

EMCOR Group Price Performance

EME stock opened at $393.06 on Tuesday. EMCOR Group, Inc. has a 1 year low of $191.50 and a 1 year high of $401.98. The firm has a 50-day moving average of $367.96 and a 200 day moving average of $356.75. The company has a market cap of $18.47 billion, a P/E ratio of 25.93 and a beta of 1.06.

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

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

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.