Nationwide Fund Advisors raised its position in shares of Emcor Group Inc. (NYSE:EME) by 53.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,061 shares of the company’s stock after buying an additional 52,098 shares during the period. Nationwide Fund Advisors owned 0.25% of Emcor Group worth $7,392,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. 1st Global Advisors Inc. increased its stake in Emcor Group by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 5,637 shares of the company’s stock worth $278,000 after buying an additional 32 shares during the period. Nisa Investment Advisors LLC increased its stake in Emcor Group by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 48,300 shares of the company’s stock worth $2,379,000 after buying an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in Emcor Group by 1.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,590 shares of the company’s stock worth $903,000 after buying an additional 325 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in Emcor Group by 4.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 8,509 shares of the company’s stock worth $419,000 after buying an additional 394 shares during the period. Finally, Genesee Valley Trust Co. increased its stake in Emcor Group by 1.9% in the second quarter. Genesee Valley Trust Co. now owns 22,003 shares of the company’s stock worth $1,084,000 after buying an additional 400 shares during the period. 96.88% of the stock is owned by institutional investors.
Emcor Group Inc. (NYSE:EME) traded down 1.82% on Friday, hitting $57.64. The stock had a trading volume of 217,570 shares. Emcor Group Inc. has a one year low of $40.98 and a one year high of $58.84. The company has a market cap of $3.50 billion, a PE ratio of 19.69 and a beta of 1.15. The stock has a 50-day moving average of $56.95 and a 200-day moving average of $50.72.
Emcor Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.24. Emcor Group had a return on equity of 12.33% and a net margin of 2.55%. The company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company earned $0.74 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts expect that Emcor Group Inc. will post $3.10 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Monday, August 1st. FBR & Co raised their target price on Emcor Group from $52.00 to $62.00 and gave the company a “mkt perform” rating in a report on Tuesday, August 16th. Finally, Sidoti assumed coverage on Emcor Group in a report on Tuesday, June 21st. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a buy rating, The company currently 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 the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maxine Lum Mauricio sold 1,386 shares of the firm’s stock in a transaction that occurred on 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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