Insider Selling: Emcor Group Inc (EME) Chairman Sells $1,793,872.70 in Stock
Emcor Group Inc (NYSE:EME) Chairman Anthony Guzzi sold 23,434 shares of the firm’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NYSE:EME opened at $77.94 on Monday. The firm has a market cap of $4.47 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.46 and a quick ratio of 1.43. Emcor Group Inc has a 12-month low of $62.15 and a 12-month high of $85.08.
Emcor Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 26th. The construction company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.23. Emcor Group had a return on equity of 15.44% and a net margin of 3.15%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. analysts expect that Emcor Group Inc will post 4.67 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Emcor Group by 0.4% in the 2nd quarter. Renaissance Technologies LLC now owns 182,000 shares of the construction company’s stock worth $13,865,000 after acquiring an additional 700 shares in the last quarter. Aperio Group LLC raised its position in shares of Emcor Group by 2.6% in the 1st quarter. Aperio Group LLC now owns 28,662 shares of the construction company’s stock worth $2,234,000 after acquiring an additional 720 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Emcor Group by 1.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 53,491 shares of the construction company’s stock worth $4,075,000 after acquiring an additional 760 shares in the last quarter. Amalgamated Bank raised its position in shares of Emcor Group by 9.4% in the 2nd quarter. Amalgamated Bank now owns 9,245 shares of the construction company’s stock worth $704,000 after acquiring an additional 791 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in shares of Emcor Group by 14.2% in the 1st quarter. Verition Fund Management LLC now owns 6,429 shares of the construction company’s stock worth $501,000 after acquiring an additional 799 shares in the last quarter. 93.07% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, July 31st. One 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 stock. Emcor Group has a consensus rating of “Hold” and a consensus target price of $86.00.
Emcor Group Company 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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