Trimtabs Asset Management adds Emcor Group Inc (EME) to its portfolio

Emcor Group Inc (EME) : Trimtabs Asset Management added new position in Emcor Group Inc during the most recent quarter end. The investment management firm now holds 32,343 shares of Emcor Group Inc which is valued at $1,807,003 , the company said in a statement filed on Aug 1, 2016 with the SEC.Emcor Group Inc makes up approximately 1.12% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , Capital Fund Management S.a. reduced its stake in EME by selling 19,400 shares or 26.61% in the most recent quarter. The Hedge Fund company now holds 53,500 shares of EME which is valued at $2,810,890. Emcor Group Inc makes up approx 0.05% of Capital Fund Management S.a.’s portfolio.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.

Emcor Group Inc closed down -0.55 points or -0.98% at $55.32 with 2,56,317 shares getting traded on Thursday. Post opening the session at $55.86, the shares hit an intraday low of $55.13 and an intraday high of $55.86 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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.

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