Emcor Group Inc (EME) Holdings Cut by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Emcor Group Inc (NYSE:EME) by 23.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,677 shares of the construction company’s stock after selling 2,385 shares during the quarter. Jane Street Group LLC’s holdings in Emcor Group were worth $458,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Emcor Group in the third quarter worth about $297,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Emcor Group in the 3rd quarter valued at about $1,153,000. Tower Research Capital LLC TRC lifted its holdings in Emcor Group by 53.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,795 shares of the construction company’s stock valued at $360,000 after acquiring an additional 1,673 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in Emcor Group by 13.3% in the 3rd quarter. Riverhead Capital Management LLC now owns 6,802 shares of the construction company’s stock valued at $511,000 after acquiring an additional 800 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Emcor Group by 36.2% in the 3rd quarter. Renaissance Technologies LLC now owns 247,800 shares of the construction company’s stock valued at $18,612,000 after acquiring an additional 65,800 shares during the last quarter. 95.40% of the stock is owned by hedge funds and other institutional investors.

EME has been the subject of a number of research analyst reports. Maxim Group set a $73.00 price target on shares of Emcor Group and gave the company a “hold” rating in a report on Friday, April 26th. ValuEngine raised shares of Emcor Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $75.00 price target for the company in a report on Thursday, January 31st.

In other news, CFO Mark A. Pompa sold 8,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $80.00, for a total value of $640,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Anthony Guzzi sold 12,314 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $78.07, for a total value of $961,353.98. Following the completion of the transaction, the chairman now owns 394,190 shares in the company, valued at approximately $30,774,413.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,546 shares of company stock worth $2,219,188. Corporate insiders own 1.90% of the company’s stock.

NYSE EME traded up $0.42 on Friday, hitting $82.83. 223,217 shares of the company were exchanged, compared to its average volume of 406,076. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.62 billion, a PE ratio of 16.87, a PEG ratio of 1.07 and a beta of 1.20. Emcor Group Inc has a twelve month low of $57.29 and a twelve month high of $84.75.

Emcor Group (NYSE:EME) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.23. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $1.98 billion. Emcor Group had a return on equity of 17.18% and a net margin of 3.58%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. Research analysts forecast that Emcor Group Inc will post 5.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, April 17th. This represents a $0.32 annualized dividend and a yield of 0.39%. Emcor Group’s payout ratio is presently 6.52%.

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Emcor Group Company Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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

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