Emcor Group Inc (EME) : Ramsey Quantitative Systems added new position in Emcor Group Inc during the most recent quarter end. The investment management firm now holds 14,507 shares of Emcor Group Inc which is valued at $1,016,360 , the company said in a statement filed on Nov 14, 2016 with the SEC.Emcor Group Inc makes up approximately 1.07% of Ramsey Quantitative Systems’s portfolio.
Other Hedge Funds, Including , Comerica Bank reduced its stake in EME by selling 19,745 shares or 30.43% in the most recent quarter. The Hedge Fund company now holds 45,150 shares of EME which is valued at $2,983,964. Emcor Group Inc makes up approx 0.03% of Comerica Bank’s portfolio.Teacher Retirement System Of Texas reduced its stake in EME by selling 2,873 shares or 30.5% in the most recent quarter. The Hedge Fund company now holds 6,548 shares of EME which is valued at $392,422.
Emcor Group Inc closed down -0.61 points or -0.87% at $69.87 with 5,53,249 shares getting traded on Monday. Post opening the session at $70.64, the shares hit an intraday low of $69.72 and an intraday high of $70.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Emcor Group Inc reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.77. The company had revenue of $1923.20 million for the quarter, compared to analysts expectations of $1868.75 million. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Many Wall Street Analysts have commented on Emcor Group Inc. Company shares were Reiterated by Stifel on Oct 28, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $62 .
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.