Sciencast Management LP Buys New Holdings in Emcor Group Inc (EME)
Sciencast Management LP bought a new position in Emcor Group Inc (NYSE:EME) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,800 shares of the construction company’s stock, valued at approximately $208,000.
A number of other institutional investors have also recently modified their holdings of the business. First Citizens Bank & Trust Co. raised its holdings in Emcor Group by 30.1% in the first quarter. First Citizens Bank & Trust Co. now owns 7,182 shares of the construction company’s stock worth $525,000 after buying an additional 1,663 shares during the last quarter. Heritage Investors Management Corp bought a new stake in shares of Emcor Group in the first quarter worth approximately $260,000. American Century Companies Inc. grew its stake in shares of Emcor Group by 2.1% in the fourth quarter. American Century Companies Inc. now owns 143,166 shares of the construction company’s stock worth $8,546,000 after acquiring an additional 2,931 shares during the period. Geode Capital Management LLC grew its stake in shares of Emcor Group by 13.6% in the fourth quarter. Geode Capital Management LLC now owns 900,415 shares of the construction company’s stock worth $53,745,000 after acquiring an additional 107,927 shares during the period. Finally, Norges Bank bought a new stake in shares of Emcor Group in the fourth quarter worth approximately $39,911,000. 95.49% of the stock is owned by institutional investors and hedge funds.
Shares of EME stock opened at $79.56 on Friday. Emcor Group Inc has a 52 week low of $57.29 and a 52 week high of $82.04. The company has a market capitalization of $4.46 billion, a PE ratio of 16.20, a P/E/G ratio of 1.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.38 and a quick ratio of 1.35.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, April 18th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. Emcor Group’s dividend payout ratio is presently 6.52%.
A number of analysts have recently commented on EME shares. Zacks Investment Research lowered shares of Emcor Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Maxim Group reiterated a “hold” rating and issued a $73.00 price target (up from $68.00) on shares of Emcor Group in a research note on Wednesday, March 6th. Finally, ValuEngine upgraded shares of Emcor Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.
In related news, CEO Anthony Guzzi sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.
Emcor Group Company Profile
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 and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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