Train Babcock Advisors LLC Acquires 1,835 Shares of EMCOR Group, Inc. (EME)
Train Babcock Advisors LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,680 shares of the construction company’s stock after purchasing an additional 1,835 shares during the period. EMCOR Group makes up about 1.7% of Train Babcock Advisors LLC’s portfolio, making the stock its 27th largest holding. Train Babcock Advisors LLC owned approximately 0.07% of EMCOR Group worth $3,030,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of EMCOR Group in the 1st quarter valued at approximately $1,574,000. Credit Suisse AG raised its position in shares of EMCOR Group by 24.9% in the 1st quarter. Credit Suisse AG now owns 107,145 shares of the construction company’s stock valued at $6,744,000 after buying an additional 21,379 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of EMCOR Group in the 2nd quarter valued at approximately $438,000. Capstone Asset Management Co. raised its position in shares of EMCOR Group by 8.0% in the 2nd quarter. Capstone Asset Management Co. now owns 4,702 shares of the construction company’s stock valued at $307,000 after buying an additional 350 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of EMCOR Group by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,254 shares of the construction company’s stock valued at $1,455,000 after buying an additional 964 shares in the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.
EMCOR Group, Inc. (NYSE EME) traded up $0.04 during mid-day trading on Tuesday, reaching $81.53. 125,531 shares of the company were exchanged, compared to its average volume of 343,861. The firm has a market cap of $4,800.00, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02. EMCOR Group, Inc. has a twelve month low of $59.76 and a twelve month 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 released its quarterly earnings data on Thursday, October 26th. The construction company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.27. The business 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%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. analysts predict that EMCOR Group, Inc. will post 3.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Tuesday, October 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, October 16th. EMCOR Group’s dividend payout ratio is 8.84%.
EMCOR Group declared that its board has initiated a share buyback program on Thursday, October 26th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
EME has been the subject of several analyst reports. Zacks Investment Research upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Monday, July 31st. BidaskClub cut shares of EMCOR Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and issued a $88.00 target price (up from $75.00) on shares of EMCOR Group in a research report on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of EMCOR Group in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $83.33.
In related news, Director Jerry E. Ryan sold 13,000 shares of the company’s stock in a transaction that occurred 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 is available through this link. 2.00% of the stock is owned by corporate insiders.
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.
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