Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 8.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,376 shares of the construction company’s stock after acquiring an additional 194 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EMCOR Group were worth $155,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EME. Pacer Advisors Inc. raised its position in shares of EMCOR Group by 7.3% in the second quarter. Pacer Advisors Inc. now owns 7,374 shares of the construction company’s stock valued at $482,000 after purchasing an additional 501 shares during the period. Bridge City Capital LLC bought a new position in shares of EMCOR Group in the second quarter valued at about $2,871,000. American Century Companies Inc. bought a new position in shares of EMCOR Group in the second quarter valued at about $1,377,000. State Board of Administration of Florida Retirement System raised its position in shares of EMCOR Group by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 43,372 shares of the construction company’s stock valued at $2,836,000 after purchasing an additional 307 shares during the period. Finally, Marshall Wace North America L.P. raised its position in shares of EMCOR Group by 91.0% in the second quarter. Marshall Wace North America L.P. now owns 197,625 shares of the construction company’s stock valued at $12,846,000 after purchasing an additional 94,173 shares during the period. 93.36% of the stock is currently owned by hedge funds and other institutional investors.
EMCOR Group, Inc. (NYSE:EME) opened at 68.11 on Wednesday. The stock has a 50 day moving average of $65.82 and a 200 day moving average of $64.66. EMCOR Group, Inc. has a 12 month low of $55.10 and a 12 month high of $73.44. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 20.42 and a beta of 0.89.
EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.15. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. EMCOR Group had a net margin of 2.63% and a return on equity of 13.19%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. Equities analysts anticipate that EMCOR Group, Inc. will post $3.57 EPS for the current fiscal year.
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Several equities analysts have recently weighed in on EME shares. BidaskClub lowered shares of EMCOR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, July 31st. Finally, KeyCorp reissued a “hold” rating on shares of EMCOR Group in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. EMCOR Group has a consensus rating of “Hold” and an average target price of $72.33.
EMCOR Group Company Profile
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.
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