Emcor Group Inc (EME) : Genesee Valley Trust Co scooped up 400 additional shares in Emcor Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 22,003 shares of Emcor Group Inc which is valued at $1,156,038.Emcor Group Inc makes up approximately 0.75% of Genesee Valley Trust Co’s portfolio.
Other Hedge Funds, Including , Strs Ohio reduced its stake in EME by selling 13,400 shares or 42.81% in the most recent quarter. The Hedge Fund company now holds 17,900 shares of EME which is valued at $940,466.Kirr Marbach Co In reduced its stake in EME by selling 5,405 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 252,904 shares of EME which is valued at $13,287,576. Emcor Group Inc makes up approx 2.67% of Kirr Marbach Co In’s portfolio.Meeder Asset Management Inc reduced its stake in EME by selling 4,612 shares or 84.79% in the most recent quarter. The Hedge Fund company now holds 827 shares of EME which is valued at $42,334.1st Global Advisors boosted its stake in EME in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 5,637 shares of Emcor Group Inc which is valued at $288,558. Emcor Group Inc makes up approx 0.04% of 1st Global Advisors’s portfolio.Ruane Cunniff Goldfarb Inc reduced its stake in EME by selling 77,488 shares or 5.09% in the most recent quarter. The Hedge Fund company now holds 1,445,293 shares of EME which is valued at $74,707,195. Emcor Group Inc makes up approx 0.69% of Ruane Cunniff Goldfarb Inc’s portfolio.
Emcor Group Inc closed down -0.26 points or -0.46% at $55.7 with 7,65,901 shares getting traded on Friday. Post opening the session at $56.22, the shares hit an intraday low of $55.5901 and an intraday high of $56.865 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Emcor Group Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.72. The company had revenue of $1930.00 million for the quarter, compared to analysts expectations of $1751.33 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on Emcor Group Inc. Emcor Group Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 19, 2016. Sidoti Initiated Emcor Group Inc on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $65.Company shares were Reiterated by Stifel on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .
EMCOR Group Inc. (EMCOR) 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. Its services are provided to a range of commercial industrial utility and institutional customers through approximately 70 operating subsidiaries and joint venture entities. It specializes in providing construction services relating to electrical and mechanical systems in all types of non-residential and certain residential facilities and in providing various services relating to the operation maintenance and management of facilities including refineries and petrochemical plants. The Company operates in segments: 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.