Cambridge Advisors Inc. Has $1.13 Million Position in EMCOR Group, Inc. (NYSE:EME)

Cambridge Advisors Inc. reduced its holdings in EMCOR Group, Inc. (NYSE:EME) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,630 shares of the construction company’s stock after selling 100 shares during the quarter. Cambridge Advisors Inc.’s holdings in EMCOR Group were worth $1,132,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position 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 purchasing an additional 10,269 shares during the last quarter. BNP Paribas Financial Markets lifted 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 buying an additional 49,346 shares during the period. Wellington Management Group LLP bought a new stake in shares of EMCOR Group in the fourth quarter valued at about $9,565,000. Montag A & Associates Inc. bought a new stake in shares of EMCOR Group in the first quarter valued at about $1,772,000. Finally, Norden Group LLC lifted its stake in shares of EMCOR Group by 1,379.5% in the first quarter. Norden Group LLC now owns 46,352 shares of the construction company’s stock valued at $16,234,000 after buying an additional 43,219 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s 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 owns 8,637 shares in the company, valued at $3,202,513.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Stock Up 0.1 %

Shares of EME opened at $446.07 on Friday. 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. The company has a 50-day moving average price of $410.72 and a two-hundred day moving average price of $382.92.

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. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 earnings per share. Equities research analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. DA Davidson increased their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

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.