Plato Investment Management Ltd Takes Position in EMCOR Group, Inc. (NYSE:EME)

Plato Investment Management Ltd purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,841 shares of the construction company’s stock, valued at approximately $1,222,000.

Several other large investors have also recently modified their holdings of EME. Matrix Trust Co bought a new position in shares of EMCOR Group during the second quarter valued at $26,000. Proffitt & Goodson Inc. bought a new position in shares of EMCOR Group during the second quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of EMCOR Group during the second quarter valued at $29,000. ORG Partners LLC bought a new position in EMCOR Group during the second quarter worth $31,000. Finally, ORG Wealth Partners LLC bought a new position in EMCOR Group during the third quarter worth $33,000. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

EME has been the subject of a number of analyst reports. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. DA Davidson lifted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

EMCOR Group Trading Down 0.4 %

NYSE:EME opened at $498.31 on Friday. The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 25.31 and a beta of 1.07. The firm has a fifty day simple moving average of $438.03 and a two-hundred day simple moving average of $395.70. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $525.31.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $3.61 earnings per share. Equities analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s payout ratio is 5.08%.

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.