Bayesian Capital Management LP Increases Stake in EMCOR Group, Inc. (NYSE:EME)

Bayesian Capital Management LP boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 18.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,668 shares of the construction company’s stock after purchasing an additional 415 shares during the quarter. Bayesian Capital Management LP’s holdings in EMCOR Group were worth $934,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Caxton Associates LP purchased a new position in shares of EMCOR Group in the 1st quarter worth $929,000. Ascent Group LLC purchased a new position in shares of EMCOR Group in the 1st quarter worth about $261,000. Price T Rowe Associates Inc. MD grew its holdings in shares of EMCOR Group by 10.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 144,801 shares of the construction company’s stock worth $50,711,000 after purchasing an additional 13,995 shares during the period. Hyperion Capital Advisors LP acquired a new stake in EMCOR Group during the 1st quarter worth approximately $315,000. Finally, Quadrature Capital Ltd raised its holdings in EMCOR Group by 1,279.0% in the first quarter. Quadrature Capital Ltd now owns 19,734 shares of the construction company’s stock valued at $6,911,000 after buying an additional 18,303 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock traded up $13.53 during trading hours on Wednesday, reaching $372.00. The company had a trading volume of 23,084 shares, compared to its average volume of 469,367. The company has a market capitalization of $17.36 billion, a P/E ratio of 23.65 and a beta of 1.06. EMCOR Group, Inc. has a twelve month low of $191.50 and a twelve month high of $401.98. The stock’s fifty day simple moving average is $375.70 and its 200 day simple moving average is $333.58.

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

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. EMCOR Group’s dividend payout ratio (DPR) is 6.60%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $370.79, for a total value 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 $3,202,513.23. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Carol P. Lowe sold 1,245 shares of the 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 directly owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin A. Walker-Lee sold 1,300 shares of the firm’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 completion of the sale, the director now directly owns 8,637 shares in the company, valued at approximately $3,202,513.23. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

EMCOR Group 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.