GSA Capital Partners LLP Sells 17,298 Shares of Emcor Group Inc. (EME)
GSA Capital Partners LLP lowered its stake in shares of Emcor Group Inc. (NYSE:EME) by 68.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,935 shares of the company’s stock after selling 17,298 shares during the period. GSA Capital Partners LLP’s holdings in Emcor Group were worth $391,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Emcor Group during the fourth quarter valued at $32,170,000. Hahn Capital Management LLC purchased a new stake in Emcor Group during the first quarter valued at $13,492,000. BlackRock Institutional Trust Company N.A. increased its stake in Emcor Group by 12.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,721,433 shares of the company’s stock valued at $83,662,000 after buying an additional 184,094 shares during the period. Foundry Partners LLC increased its stake in Emcor Group by 1,641.8% in the second quarter. Foundry Partners LLC now owns 172,869 shares of the company’s stock valued at $8,516,000 after buying an additional 162,944 shares during the period. Finally, TimesSquare Capital Management LLC increased its stake in Emcor Group by 17.0% in the first quarter. TimesSquare Capital Management LLC now owns 970,404 shares of the company’s stock valued at $47,162,000 after buying an additional 140,840 shares during the period. 96.88% of the stock is currently owned by institutional investors.
Emcor Group Inc. (NYSE:EME) traded up 1.68% on Thursday, hitting $58.71. The stock had a trading volume of 268,667 shares. Emcor Group Inc. has a 52-week low of $40.98 and a 52-week high of $58.78. The company has a market cap of $3.57 billion, a P/E ratio of 20.05 and a beta of 1.15. The stock’s 50-day moving average is $56.80 and its 200-day moving average is $50.59.
Emcor Group (NYSE:EME) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.24. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Emcor Group had a net margin of 2.55% and a return on equity of 12.33%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Analysts expect that Emcor Group Inc. will post $3.10 earnings per share for the current year.
Several research analysts have commented on the company. Sidoti assumed coverage on Emcor Group in a report on Tuesday, June 21st. They set a “buy” rating on the stock. Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Monday, August 1st. Finally, FBR & Co lifted their target price on Emcor Group from $52.00 to $62.00 and gave the stock a “mkt perform” rating in a report on Tuesday, August 16th. Four research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $57.00.
In related news, SVP Maxine Lum Mauricio sold 1,386 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $56.35, for a total value of $78,101.10. Following the transaction, the senior vice president now owns 15,493 shares of the company’s stock, valued at $873,030.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. B. Brown sold 5,851 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $55.25, for a total value of $323,267.75. Following the completion of the transaction, the director now directly owns 22,076 shares in the company, valued at approximately $1,219,699. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
About Emcor Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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