Park Place Capital Corp Trims Position in EMCOR Group, Inc. (NYSE:EME)

Park Place Capital Corp reduced its stake in EMCOR Group, Inc. (NYSE:EME) by 35.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 301 shares of the construction company’s stock after selling 167 shares during the period. Park Place Capital Corp’s holdings in EMCOR Group were worth $130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EME. Nebula Research & Development LLC raised its holdings in EMCOR Group by 565.4% in the 4th quarter. Nebula Research & Development LLC now owns 7,299 shares of the construction company’s stock valued at $1,572,000 after buying an additional 6,202 shares during the period. Scalar Gauge Management LLC purchased a new stake in EMCOR Group in the 4th quarter valued at about $3,878,000. C M Bidwell & Associates Ltd. purchased a new stake in EMCOR Group in the 4th quarter valued at about $65,000. Bridgefront Capital LLC raised its holdings in EMCOR Group by 21.3% in the 4th quarter. Bridgefront Capital LLC now owns 1,758 shares of the construction company’s stock valued at $379,000 after buying an additional 309 shares during the period. Finally, Brevan Howard Capital Management LP increased its stake in EMCOR Group by 246.5% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,450 shares of the construction company’s stock worth $1,820,000 after purchasing an additional 6,011 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $439.76 on Wednesday. EMCOR Group, Inc. has a 1 year low of $191.50 and a 1 year high of $445.65. The firm has a market capitalization of $20.67 billion, a PE ratio of 29.01 and a beta of 1.07. The firm’s 50-day moving average is $388.92 and its two-hundred day moving average is $375.36.

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

EMCOR Group Announces Dividend

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

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. DA Davidson boosted their price target 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. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Insider Transactions at EMCOR Group

In other 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 transaction of $482,027.00. Following the completion of the transaction, the director now directly owns 8,637 shares of the company’s stock, valued at approximately $3,202,513.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company’s stock.

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.