GSA Capital Partners LLP lessened its holdings in Emcor Group Inc (NYSE:EME) by 51.9% during the second quarter, Holdings Channel reports. The fund owned 7,695 shares of the construction company’s stock after selling 8,299 shares during the period. GSA Capital Partners LLP’s holdings in Emcor Group were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Meeder Asset Management Inc. boosted its stake in Emcor Group by 166.6% in the second quarter. Meeder Asset Management Inc. now owns 11,363 shares of the construction company’s stock valued at $1,001,000 after buying an additional 7,101 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Emcor Group in the second quarter valued at about $228,000. Hillsdale Investment Management Inc. boosted its stake in Emcor Group by 7.5% in the second quarter. Hillsdale Investment Management Inc. now owns 35,700 shares of the construction company’s stock valued at $3,145,000 after buying an additional 2,500 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Emcor Group by 11.1% in the second quarter. GHP Investment Advisors Inc. now owns 14,389 shares of the construction company’s stock valued at $1,268,000 after buying an additional 1,436 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Emcor Group by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 78,988 shares of the construction company’s stock valued at $6,959,000 after buying an additional 3,092 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.
In other news, CFO Mark A. Pompa sold 12,000 shares of Emcor Group stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $85.00, for a total transaction of $1,020,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.
Several analysts recently weighed in on EME shares. Stifel Nicolaus raised their price objective on Emcor Group from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Maxim Group reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Emcor Group in a research note on Tuesday, July 30th. Finally, Zacks Investment Research raised Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective on the stock in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $90.00.
Shares of EME stock opened at $85.57 on Friday. The business’s 50-day moving average price is $83.49 and its 200-day moving average price is $79.63. Emcor Group Inc has a 12 month low of $57.29 and a 12 month high of $89.54. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 17.43 and a beta of 1.16. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25.
Emcor Group (NYSE:EME) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.19. Emcor Group had a return on equity of 17.47% and a net margin of 3.58%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, sell-side analysts predict that Emcor Group Inc will post 5.69 earnings per share for the current fiscal year.
Emcor Group Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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