Great West Life Assurance Co. Can Acquires Shares of 30,677 EMCOR Group, Inc. (NYSE:EME)

Great West Life Assurance Co. Can acquired a new stake in EMCOR Group, Inc. (NYSE:EMEGet Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 30,677 shares of the construction company’s stock, valued at approximately $3,542,000. Great West Life Assurance Co. Can owned about 0.06% of EMCOR Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its position in EMCOR Group by 66.2% in the first quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. CWM LLC lifted its position in EMCOR Group by 52.3% in the third quarter. CWM LLC now owns 358 shares of the construction company’s stock valued at $41,000 after purchasing an additional 123 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in EMCOR Group by 5.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,478 shares of the construction company’s stock valued at $286,000 after purchasing an additional 125 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in EMCOR Group by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 32,645 shares of the construction company’s stock valued at $3,361,000 after purchasing an additional 140 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in EMCOR Group by 4.5% in the first quarter. Mackenzie Financial Corp now owns 3,253 shares of the construction company’s stock valued at $366,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maxine Lum Mauricio sold 5,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $141.59, for a total value of $707,950.00. Following the sale, the executive vice president now directly owns 27,369 shares of the company’s stock, valued at $3,875,176.71. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Mark A. Pompa sold 10,000 shares of the stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $135.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer now directly owns 101,143 shares of the company’s stock, valued at $13,654,305. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maxine Lum Mauricio sold 5,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $141.59, for a total value of $707,950.00. Following the completion of the sale, the executive vice president now directly owns 27,369 shares in the company, valued at $3,875,176.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock worth $3,444,500. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on EME shares. StockNews.com started coverage on EMCOR Group in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. KeyCorp upped their target price on EMCOR Group from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 4th. Finally, DA Davidson upped their target price on EMCOR Group to $165.00 in a report on Tuesday, November 1st.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $144.38 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.23. The company has a market cap of $6.88 billion, a PE ratio of 19.43 and a beta of 1.13. The business has a 50 day moving average of $149.76 and a 200 day moving average of $131.13. EMCOR Group, Inc. has a 52 week low of $95.64 and a 52 week high of $156.67.

EMCOR Group (NYSE:EMEGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The construction company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.71 billion. EMCOR Group had a return on equity of 18.65% and a net margin of 3.54%. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 7.78 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, January 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%. EMCOR Group’s dividend payout ratio (DPR) is 8.08%.

About EMCOR Group

(Get Rating)

EMCOR Group, Inc engages in the provision of electrical and mechanical construction, and facilities services. It operates through the following segments: 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.

See Also

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

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