GSA Capital Partners LLP Purchases Shares of 2,660 Emcor Group Inc (EME)
GSA Capital Partners LLP acquired a new stake in Emcor Group Inc (NYSE:EME) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,660 shares of the construction company’s stock, valued at approximately $203,000.
Several other institutional investors have also recently made changes to their positions in EME. Mutual of America Capital Management LLC raised its position in Emcor Group by 1.4% during the second quarter. Mutual of America Capital Management LLC now owns 100,640 shares of the construction company’s stock valued at $7,667,000 after buying an additional 1,422 shares during the period. American Century Companies Inc. raised its position in Emcor Group by 65.3% during the second quarter. American Century Companies Inc. now owns 192,260 shares of the construction company’s stock valued at $14,646,000 after buying an additional 75,945 shares during the period. American International Group Inc. raised its position in Emcor Group by 0.8% during the second quarter. American International Group Inc. now owns 154,435 shares of the construction company’s stock valued at $11,765,000 after buying an additional 1,178 shares during the period. Segall Bryant & Hamill LLC raised its position in Emcor Group by 1.4% during the second quarter. Segall Bryant & Hamill LLC now owns 53,491 shares of the construction company’s stock valued at $4,075,000 after buying an additional 760 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Emcor Group by 2.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 896,098 shares of the construction company’s stock valued at $68,265,000 after buying an additional 21,903 shares during the period. Institutional investors and hedge funds own 91.89% of the company’s stock.
NYSE:EME opened at $74.35 on Wednesday. The firm has a market cap of $4.37 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.07 and a beta of 0.92. Emcor Group Inc has a 1-year low of $68.39 and a 1-year high of $85.08. The company has a current ratio of 1.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.
In other Emcor Group news, EVP R Kevin Matz sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $81.12, for a total value of $1,216,800.00. Following the transaction, the executive vice president now owns 220,109 shares in the company, valued at $17,855,242.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Anthony Guzzi sold 23,434 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $76.55, for a total value of $1,793,872.70. The disclosure for this sale can be found here. Insiders have sold 40,434 shares of company stock worth $3,166,873 over the last three months. 2.20% of the stock is owned by insiders.
Separately, Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, July 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $86.00.
About Emcor Group
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
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