Insider Selling: Sheldon I. Cammaker Sells 5,000 Shares of Emcor Group Stock (EME)

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Emcor Group (NYSE:EME) EVP Sheldon I. Cammaker unloaded 5,000 shares of Emcor Group stock on the open market in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $46.97, for a total transaction of $234,850.00. Following the completion of the sale, the executive vice president now directly owns 85,830 shares in the company, valued at approximately $4,031,435. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on EME. Analysts at Stifel Nicolaus raised their price target on shares of Emcor Group from $44.50 to $51.00 in a research note on Wednesday, February 26th. They now have a “buy” rating on the stock. Separately, analysts at Davidson raised their price target on shares of Emcor Group from $48.00 to $52.00 in a research note on Wednesday, February 26th. Finally, analysts at Zacks upgraded shares of Emcor Group from an “underperform” rating to a “neutral” rating in a research note on Friday, February 7th. They now have a $42.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Emcor Group currently has a consensus rating of “Hold” and an average target price of $46.60.

Shares of Emcor Group (NYSE:EME) traded up 0.74% during mid-day trading on Friday, hitting $47.55. 541,814 shares of the company’s stock traded hands. Emcor Group has a 1-year low of $35.58 and a 1-year high of $47.27. The stock’s 50-day moving average is $43.87 and its 200-day moving average is $40.84. The company has a market cap of $3.182 billion and a price-to-earnings ratio of 25.93.

Emcor Group (NYSE:EME) last released its earnings data on Tuesday, February 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.08. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.71 billion. On average, analysts predict that Emcor Group will post $2.56 earnings per share for the current fiscal year.

EMCOR Group, Inc (NYSE:EME) is an electrical and mechanical construction and facilities services firm in the United States, the United Kingdom and globally.

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