Parametrica Management Ltd Invests $326,000 in Emcor Group Inc. (EME)
Parametrica Management Ltd purchased a new stake in shares of Emcor Group Inc. (NYSE:EME) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,626 shares of the company’s stock, valued at approximately $326,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Manchester Capital Management LLC purchased a new position in Emcor Group during the first quarter valued at approximately $107,000. Carnick & Kubik LLC purchased a new position in Emcor Group during the first quarter valued at approximately $126,000. BlackRock Japan Co. Ltd purchased a new position in Emcor Group during the first quarter valued at approximately $170,000. LS Investment Advisors LLC boosted its position in Emcor Group by 72.7% in the second quarter. LS Investment Advisors LLC now owns 3,706 shares of the company’s stock valued at $183,000 after buying an additional 1,560 shares during the period. Finally, 1st Global Advisors Inc. boosted its position in Emcor Group by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 5,637 shares of the company’s stock valued at $278,000 after buying an additional 32 shares during the period. 97.12% of the stock is owned by hedge funds and other institutional investors.
Emcor Group Inc. (NYSE:EME) traded up 0.04% during midday trading on Friday, hitting $56.25. The stock had a trading volume of 500,107 shares. Emcor Group Inc. has a 1-year low of $40.98 and a 1-year high of $58.50. The company’s 50 day moving average is $56.48 and its 200 day moving average is $50.22. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 19.21 and a beta of 1.15.
Emcor Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.24. Emcor Group had a return on equity of 12.33% and a net margin of 2.55%. The business earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the company posted $0.74 earnings per share. Emcor Group’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts anticipate that Emcor Group Inc. will post $3.10 earnings per share for the current fiscal year.
Several equities analysts have commented on EME shares. Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Monday, August 1st. Sidoti started coverage on Emcor Group in a report on Tuesday, June 21st. They issued a “buy” rating for the company. Finally, FBR & Co upped their price target on Emcor Group from $52.00 to $62.00 and gave the company a “mkt perform” rating in a report on Tuesday, August 16th. Four investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $57.00.
In related news, Director Jerry E. Ryan sold 6,202 shares of Emcor Group stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $55.42, for a total transaction of $343,714.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maxine Lum Mauricio sold 1,386 shares of Emcor Group stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $56.35, for a total value of $78,101.10. Following the transaction, the senior vice president now owns 15,493 shares of the company’s stock, valued at approximately $873,030.55. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Emcor Group Company Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s 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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