Sei Investments Co. Has $12.72 Million Stake in EMCOR Group, Inc. (EME)

Sei Investments Co. lifted its position in EMCOR Group, Inc. (NYSE:EME) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 183,376 shares of the construction company’s stock after purchasing an additional 9,933 shares during the period. Sei Investments Co. owned about 0.31% of EMCOR Group worth $12,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in EME. Renaissance Technologies LLC purchased a new stake in shares of EMCOR Group in the first quarter worth $1,574,000. Capstone Asset Management Co. increased its stake in shares of EMCOR Group by 8.0% in the second quarter. Capstone Asset Management Co. now owns 4,702 shares of the construction company’s stock worth $307,000 after purchasing an additional 350 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of EMCOR Group by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,254 shares of the construction company’s stock worth $1,455,000 after purchasing an additional 964 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of EMCOR Group by 14.7% in the second quarter. LS Investment Advisors LLC now owns 4,718 shares of the construction company’s stock worth $308,000 after purchasing an additional 603 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of EMCOR Group by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the construction company’s stock worth $1,013,000 after purchasing an additional 400 shares in the last quarter. 94.06% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on EME shares. Stifel Nicolaus reissued a “buy” rating and issued a $88.00 price objective (up from $75.00) on shares of EMCOR Group in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of EMCOR Group from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Tuesday, October 31st. KeyCorp reaffirmed a “hold” rating on shares of EMCOR Group in a research note on Friday. ValuEngine cut shares of EMCOR Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub cut shares of EMCOR Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $83.33.

In related news, Director Jerry E. Ryan sold 13,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $78.06, for a total transaction of $1,014,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

EMCOR Group, Inc. (NYSE EME) opened at $78.75 on Friday. The firm has a market cap of $4,630.00, a price-to-earnings ratio of 21.44, a P/E/G ratio of 1.37 and a beta of 1.02. EMCOR Group, Inc. has a 52 week low of $59.76 and a 52 week high of $81.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.44.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 26th. The construction company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.27. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.93 billion. EMCOR Group had a net margin of 2.82% and a return on equity of 13.94%. EMCOR Group’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. equities analysts predict that EMCOR Group, Inc. will post 3.79 EPS for the current fiscal year.

EMCOR Group declared that its board has approved a stock buyback plan on Thursday, October 26th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Tuesday, October 17th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.32 annualized dividend and a yield of 0.41%. EMCOR Group’s payout ratio is 8.84%.

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EMCOR Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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