Railway Pension Investments Ltd Takes Position in EMCOR Group, Inc. (NYSE:EME)

Railway Pension Investments Ltd purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,400 shares of the construction company’s stock, valued at approximately $1,241,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of EMCOR Group in the fourth quarter valued at approximately $153,739,000. TimesSquare Capital Management LLC raised its position in EMCOR Group by 93.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 426,083 shares of the construction company’s stock worth $91,791,000 after buying an additional 205,793 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of EMCOR Group by 55.6% in the 1st quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company’s stock worth $137,074,000 after acquiring an additional 139,919 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of EMCOR Group in the fourth quarter valued at about $25,938,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of EMCOR Group by 971.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company’s stock worth $36,978,000 after acquiring an additional 91,837 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, DA Davidson raised their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the sale, the director now owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the transaction, the director now owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carol P. Lowe sold 1,245 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the sale, the director now owns 16,807 shares in the company, valued at approximately $6,289,683.61. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Performance

NYSE:EME traded up $3.18 during trading hours on Tuesday, hitting $380.79. The company’s stock had a trading volume of 88,979 shares, compared to its average volume of 454,370. The company has a market capitalization of $17.90 billion, a PE ratio of 24.88 and a beta of 1.06. EMCOR Group, Inc. has a 52-week low of $191.50 and a 52-week high of $401.98. The business’s 50-day moving average is $367.71 and its two-hundred day moving average is $351.83.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $2.95 earnings per share. As a group, analysts predict that EMCOR Group, Inc. will post 19.5 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Monday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Monday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.