Emcor Group Inc (NYSE:EME) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,077,084 shares, a decrease of 40.7% from the October 31st total of 1,816,739 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 398,152 shares, the short-interest ratio is presently 2.7 days.

In related news, Director William P. Reid sold 1,900 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $71.69, for a total transaction of $136,211.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its stake in Emcor Group by 2.7% during the 3rd quarter. Retirement Systems of Alabama now owns 157,083 shares of the construction company’s stock valued at $11,799,000 after purchasing an additional 4,058 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Emcor Group by 3.3% in the 2nd quarter. Glenmede Trust Co. NA now owns 698,254 shares of the construction company’s stock worth $53,193,000 after acquiring an additional 22,212 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Emcor Group by 6.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 30,036 shares of the construction company’s stock worth $2,288,000 after acquiring an additional 1,911 shares during the period. Jane Street Group LLC acquired a new stake in shares of Emcor Group in the 2nd quarter worth approximately $356,000. Finally, First Trust Advisors LP lifted its stake in shares of Emcor Group by 17.0% in the 3rd quarter. First Trust Advisors LP now owns 163,309 shares of the construction company’s stock worth $12,266,000 after acquiring an additional 23,752 shares during the period. 93.05% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on EME shares. Zacks Investment Research downgraded shares of Emcor Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. ValuEngine lowered shares of Emcor Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, DA Davidson raised shares of Emcor Group from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Thursday, October 25th. They noted that the move was a valuation call.

Emcor Group stock opened at $68.86 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.94 and a beta of 0.97. Emcor Group has a 52-week low of $63.81 and a 52-week high of $85.08.

Emcor Group (NYSE:EME) last posted its earnings results on Thursday, October 25th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.12. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.95 billion. Emcor Group had a net margin of 3.27% and a return on equity of 15.96%. Equities analysts forecast that Emcor Group will post 4.87 EPS for the current fiscal year.

Emcor Group declared that its board has initiated a share repurchase plan on Thursday, October 25th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to purchase up to 5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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About Emcor Group

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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