Systematic Financial Management LP Decreases Position in Emcor Group Inc (NYSE:EME)

Systematic Financial Management LP trimmed its position in shares of Emcor Group Inc (NYSE:EME) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,282 shares of the construction company’s stock after selling 24,757 shares during the quarter. Systematic Financial Management LP owned approximately 0.41% of Emcor Group worth $19,480,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in Emcor Group by 3.9% during the third quarter. Victory Capital Management Inc. now owns 2,202,317 shares of the construction company’s stock worth $152,797,000 after buying an additional 82,349 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. boosted its stake in Emcor Group by 1.7% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,441,346 shares of the construction company’s stock worth $100,001,000 after buying an additional 23,775 shares during the last quarter. Prudential Financial Inc. boosted its stake in Emcor Group by 19.8% during the third quarter. Prudential Financial Inc. now owns 1,102,699 shares of the construction company’s stock worth $76,506,000 after buying an additional 182,340 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Emcor Group by 6.5% during the third quarter. Wells Fargo & Company MN now owns 1,068,029 shares of the construction company’s stock worth $74,100,000 after buying an additional 65,047 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Emcor Group by 80.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 818,050 shares of the construction company’s stock worth $66,863,000 after buying an additional 364,172 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

In other news, Director William P. Reid sold 4,647 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total value of $385,236.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

A number of research firms have weighed in on EME. Zacks Investment Research lowered Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine lowered Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. KeyCorp reissued a “hold” rating on shares of Emcor Group in a research note on Friday, November 17th. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price objective on shares of Emcor Group in a research note on Tuesday, February 27th. Finally, DA Davidson reissued a “neutral” rating on shares of Emcor Group in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $86.00.

Shares of Emcor Group Inc (NYSE EME) traded up $0.12 during trading on Wednesday, hitting $80.50. The stock had a trading volume of 271,846 shares, compared to its average volume of 344,427. Emcor Group Inc has a twelve month low of $59.76 and a twelve month high of $85.08. The firm has a market cap of $4,643.01, a price-to-earnings ratio of 21.21, a PEG ratio of 1.18 and a beta of 0.99. The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18.

Emcor Group (NYSE:EME) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.27. Emcor Group had a return on equity of 15.10% and a net margin of 2.96%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. research analysts expect that Emcor Group Inc will post 4.48 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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