O Shaughnessy Asset Management LLC increased its holdings in shares of Emcor Group Inc (NYSE:EME) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,307 shares of the construction company’s stock after purchasing an additional 1,835 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.18% of Emcor Group worth $7,759,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Dupont Capital Management Corp increased its stake in Emcor Group by 103.6% during the 3rd quarter. Dupont Capital Management Corp now owns 125,453 shares of the construction company’s stock valued at $9,423,000 after purchasing an additional 63,841 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Emcor Group by 5.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,877 shares of the construction company’s stock worth $2,845,000 after acquiring an additional 1,980 shares in the last quarter. Smith Asset Management Group LP grew its stake in shares of Emcor Group by 28.4% in the 3rd quarter. Smith Asset Management Group LP now owns 29,625 shares of the construction company’s stock worth $2,225,000 after acquiring an additional 6,560 shares in the last quarter. Chicago Equity Partners LLC boosted its holdings in shares of Emcor Group by 2.8% in the 3rd quarter. Chicago Equity Partners LLC now owns 149,489 shares of the construction company’s stock worth $11,228,000 after buying an additional 4,130 shares during the last quarter. Finally, WCM Investment Management CA boosted its holdings in shares of Emcor Group by 25.4% in the 3rd quarter. WCM Investment Management CA now owns 41,261 shares of the construction company’s stock worth $3,099,000 after buying an additional 8,357 shares during the last quarter. Institutional investors and hedge funds own 93.05% of the company’s stock.
EME has been the topic of a number of research analyst reports. DA Davidson raised shares of Emcor Group from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Thursday, October 25th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Monday, October 1st. Finally, ValuEngine downgraded shares of Emcor Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th.
Shares of Emcor Group stock traded down $0.34 on Monday, reaching $72.52. The stock had a trading volume of 393,472 shares, compared to its average volume of 336,263. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.00 and a beta of 0.97. Emcor Group Inc has a 1 year low of $63.81 and a 1 year high of $85.08.
Emcor Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 25th. The construction company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.12. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Emcor Group had a net margin of 3.27% and a return on equity of 15.96%. On average, sell-side analysts predict that Emcor Group Inc will post 4.87 earnings per share for the current year.
Emcor Group announced that its board has authorized a share repurchase plan on Thursday, October 25th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board 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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