Virtu Financial LLC Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Virtu Financial LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,107 shares of the construction company’s stock, valued at approximately $454,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AXS Investments LLC increased its stake in EMCOR Group by 238.7% during the fourth quarter. AXS Investments LLC now owns 4,200 shares of the construction company’s stock worth $905,000 after purchasing an additional 2,960 shares during the period. Nordea Investment Management AB increased its stake in shares of EMCOR Group by 10.7% during the fourth quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock worth $21,880,000 after buying an additional 9,752 shares during the period. Norges Bank purchased a new stake in shares of EMCOR Group during the fourth quarter worth approximately $153,739,000. Jump Financial LLC increased its stake in shares of EMCOR Group by 489.6% during the fourth quarter. Jump Financial LLC now owns 11,433 shares of the construction company’s stock worth $2,463,000 after buying an additional 9,494 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of EMCOR Group during the fourth quarter worth approximately $1,402,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson restated a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research note on Friday, March 22nd.

Insider Activity at EMCOR Group

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 value of $465,916.35. Following the completion of the sale, the director now directly owns 16,807 shares of the company’s stock, valued at $6,289,683.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Up 0.8 %

Shares of EME opened at $386.00 on Wednesday. The stock has a 50 day moving average price of $370.01 and a 200 day moving average price of $300.96. The company has a market capitalization of $18.14 billion, a price-to-earnings ratio of 25.46 and a beta of 1.08. EMCOR Group, Inc. has a 52-week low of $173.24 and a 52-week high of $401.98.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $1.25. The firm had revenue of $3.43 billion during the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. On average, equities analysts anticipate that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 15th. EMCOR Group’s dividend payout ratio is 6.60%.

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.