Plato Investment Management Ltd Invests $1.22 Million in EMCOR Group, Inc. (NYSE:EME)

Plato Investment Management Ltd purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,841 shares of the construction company's stock, valued at approximately $1,222,000.

Other institutional investors also recently bought and sold shares of the company. Cumberland Partners Ltd boosted its stake in shares of EMCOR Group by 60.0% during the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company's stock worth $1,722,000 after acquiring an additional 1,500 shares during the last quarter. Cetera Advisors LLC raised its position in EMCOR Group by 165.3% during the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company's stock valued at $2,174,000 after purchasing an additional 3,869 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company's stock worth $23,473,000 after buying an additional 34,553 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in EMCOR Group in the 1st quarter worth about $209,000. Finally, Gulf International Bank UK Ltd purchased a new stake in EMCOR Group in the second quarter worth $1,405,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 0.1 %

NYSE EME traded up $0.63 during trading hours on Friday, hitting $498.74. 436,658 shares of the company were exchanged, compared to its average volume of 435,031. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 25.34 and a beta of 1.07. The company has a 50 day moving average of $440.92 and a two-hundred day moving average of $396.41. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $525.31.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.61 earnings per share. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group's dividend payout ratio is presently 5.08%.

Analyst Ratings Changes

EME has been the subject of several recent research reports. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday. They issued a "buy" rating and a $600.00 price target for the company. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, DA Davidson increased their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 26th.

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.