Pacer Advisors Inc. boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,374 shares of the construction company’s stock after purchasing an additional 501 shares during the period. Pacer Advisors Inc.’s holdings in EMCOR Group were worth $482,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bridge City Capital LLC acquired a new stake in EMCOR Group during the second quarter valued at $2,871,000. American Century Companies Inc. acquired a new stake in shares of EMCOR Group in the second quarter worth about $1,377,000. State Board of Administration of Florida Retirement System lifted its position in shares of EMCOR Group by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 43,372 shares of the construction company’s stock worth $2,836,000 after buying an additional 307 shares during the last quarter. Marshall Wace North America L.P. lifted its position in shares of EMCOR Group by 91.0% in the second quarter. Marshall Wace North America L.P. now owns 197,625 shares of the construction company’s stock worth $12,846,000 after buying an additional 94,173 shares during the last quarter. Finally, Train Babcock Advisors LLC acquired a new stake in shares of EMCOR Group in the second quarter worth about $2,736,000. 93.46% of the stock is owned by hedge funds and other institutional investors.
EMCOR Group, Inc. (EME) opened at 67.85 on Friday. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 20.34 and a beta of 0.89. EMCOR Group, Inc. has a 1-year low of $55.10 and a 1-year high of $73.44. The stock has a 50 day moving average price of $65.79 and a 200-day moving average price of $64.53.
EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.15. EMCOR Group had a net margin of 2.63% and a return on equity of 13.19%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $0.95 EPS. EMCOR Group’s revenue was down 1.9% on a year-over-year basis. Equities analysts predict that EMCOR Group, Inc. will post $3.57 earnings per share for the current year.
EME has been the subject of a number of analyst reports. BidaskClub cut EMCOR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Monday, July 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of EMCOR Group in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. EMCOR Group has a consensus rating of “Hold” and a consensus price target of $72.33.
EMCOR Group Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its 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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