Raymond James Financial Services Advisors Inc. bought a new position in shares of Emcor Group Inc (NYSE:EME) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,432 shares of the construction company’s stock, valued at approximately $338,000.

Several other institutional investors have also recently added to or reduced their stakes in EME. Global X Management Co. LLC raised its position in Emcor Group by 187.8% during the first quarter. Global X Management Co. LLC now owns 12,141 shares of the construction company’s stock valued at $946,000 after acquiring an additional 7,922 shares in the last quarter. Wells Fargo & Company MN raised its position in Emcor Group by 9.4% during the first quarter. Wells Fargo & Company MN now owns 1,123,368 shares of the construction company’s stock valued at $87,545,000 after acquiring an additional 96,213 shares in the last quarter. SG Americas Securities LLC raised its position in Emcor Group by 172.8% during the first quarter. SG Americas Securities LLC now owns 22,502 shares of the construction company’s stock valued at $1,754,000 after acquiring an additional 14,253 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Emcor Group during the first quarter valued at approximately $3,074,000. Finally, Mackay Shields LLC purchased a new position in Emcor Group during the first quarter valued at approximately $2,356,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.00.

In other news, Chairman Anthony Guzzi sold 23,434 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $76.55, for a total value of $1,793,872.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP R Kevin Matz sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $81.12, for a total value of $1,216,800.00. Following the completion of the sale, the executive vice president now owns 220,109 shares of the company’s stock, valued at $17,855,242.08. The disclosure for this sale can be found here. Insiders sold 40,434 shares of company stock valued at $3,166,873 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Shares of EME stock opened at $77.53 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.46 and a quick ratio of 1.43. The company has a market cap of $4.66 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.14 and a beta of 0.92. Emcor Group Inc has a twelve month low of $64.82 and a twelve month high of $85.08.

Emcor Group (NYSE:EME) last announced its quarterly earnings results on Thursday, July 26th. The construction company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Emcor Group had a return on equity of 15.44% and a net margin of 3.15%. Emcor Group’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. equities analysts predict that Emcor Group Inc will post 4.67 earnings per share for the current 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 process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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