Segall Bryant & Hamill LLC cut its stake in Emcor Group Inc (NYSE:EME) by 30.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,024 shares of the construction company’s stock after selling 20,855 shares during the period. Segall Bryant & Hamill LLC owned 0.08% of Emcor Group worth $3,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bruderman Asset Management LLC acquired a new stake in Emcor Group in the second quarter worth $118,000. Bronfman E.L. Rothschild L.P. increased its position in Emcor Group by 4.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,897 shares of the construction company’s stock worth $124,000 after buying an additional 76 shares during the period. Global X Management Co. LLC increased its position in Emcor Group by 220.0% in the second quarter. Global X Management Co. LLC now owns 1,920 shares of the construction company’s stock worth $126,000 after buying an additional 1,320 shares during the period. Advisor Group Inc. increased its position in Emcor Group by 73.1% in the second quarter. Advisor Group Inc. now owns 2,269 shares of the construction company’s stock worth $147,000 after buying an additional 958 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Emcor Group by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,376 shares of the construction company’s stock worth $155,000 after buying an additional 194 shares during the period. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jerry E. Ryan sold 13,000 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $78.06, for a total value of $1,014,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Several equities research analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 target price (up from $75.00) on shares of Emcor Group in a research report on Wednesday, November 1st. Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, October 31st. ValuEngine lowered Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. KeyCorp reissued a “hold” rating on shares of Emcor Group in a research note on Friday, November 17th. Finally, BidaskClub cut Emcor Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Emcor Group has an average rating of “Hold” and an average target price of $83.33.

Emcor Group Inc (NYSE:EME) traded up $0.65 during trading hours on Monday, hitting $81.12. The stock had a trading volume of 226,500 shares, compared to its average volume of 356,465. Emcor Group Inc has a 12 month low of $59.76 and a 12 month high of $81.88. The company has a market capitalization of $4,770.98, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.44.

Emcor Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.27. Emcor Group had a return on equity of 13.94% and a net margin of 2.82%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. equities analysts expect that Emcor Group Inc will post 3.79 EPS for the current fiscal year.

Emcor Group declared that its board has initiated a stock buyback program on Thursday, October 26th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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About Emcor Group

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.

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

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