nVerses Capital LLC Acquires 700 Shares of EMCOR Group, Inc. (NYSE:EME)

nVerses Capital LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 41.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,400 shares of the construction company’s stock after buying an additional 700 shares during the period. EMCOR Group accounts for about 0.5% of nVerses Capital LLC’s portfolio, making the stock its 26th largest holding. nVerses Capital LLC’s holdings in EMCOR Group were worth $1,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in shares of EMCOR Group by 55.6% in the first quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company’s stock valued at $137,074,000 after acquiring an additional 139,919 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of EMCOR Group by 155.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company’s stock worth $75,668,000 after purchasing an additional 126,148 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company’s stock worth $85,246,000 after purchasing an additional 116,300 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of EMCOR Group by 971.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company’s stock valued at $36,978,000 after buying an additional 91,837 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of EMCOR Group by 27.5% in the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock valued at $150,553,000 after buying an additional 88,909 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the sale, the director now directly owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.26% of the stock is owned by company insiders.

EMCOR Group Stock Performance

EME traded up $3.32 during trading hours on Thursday, reaching $450.60. The company’s stock had a trading volume of 30,580 shares, compared to its average volume of 433,983. The company’s 50-day moving average is $400.02 and its 200-day moving average is $379.27. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $454.84. The firm has a market cap of $21.18 billion, a PE ratio of 29.50 and a beta of 1.07.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, beating the consensus estimate of $3.76 by $1.49. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.95 earnings per share. Equities analysts anticipate that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DA Davidson increased their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

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.