Great West Life Assurance Co. Can acquired a new stake in EMCOR Group, Inc. (NYSE:EME – Get 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
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:EME – Get 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
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
- Get a free copy of the StockNews.com research report on EMCOR Group (EME)
- Is the Northrop Grumman Selloff an Opportunity?
- Is the Worst Behind for Under Armor Stock with a New CEO?
- Analysts Like The Fit Of Skechers USA
- What Does Microsoft’s Investment in ChatGBT Mean for MSFT Stock?
- Can We Trust The Rally In The S&P 500
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.
