Semanteon Capital Management LP Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Semanteon Capital Management LP bought a new stake in EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,847 shares of the construction company’s stock, valued at approximately $1,226,000. EMCOR Group makes up approximately 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 8th biggest holding.

A number of other institutional investors also recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in EMCOR Group by 55.6% in the first quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company’s stock worth $137,074,000 after purchasing an additional 139,919 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of EMCOR Group by 155.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company’s stock valued at $75,668,000 after purchasing an additional 126,148 shares during the last quarter. Renaissance Technologies LLC grew its position 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 buying an additional 116,300 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised 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 buying an additional 91,837 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in 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 during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Up 0.6 %

Shares of EME stock traded up $2.68 on Monday, reaching $431.26. The company had a trading volume of 9,097 shares, compared to its average volume of 428,447. The stock has a market cap of $20.27 billion, a PE ratio of 28.27 and a beta of 1.07. The company has a 50-day moving average of $411.96 and a 200-day moving average of $383.61. EMCOR Group, Inc. has a 12 month low of $203.57 and a 12 month high of $456.16.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, topping 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 business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $2.95 earnings per share. Sell-side analysts anticipate that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group’s payout ratio is presently 6.60%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EME. 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 report on Friday, July 26th. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

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.