Phocas Financial Corp. trimmed its position in shares of Emcor Group Inc (NYSE:EME) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,605 shares of the construction company’s stock after selling 218 shares during the period. Phocas Financial Corp. owned about 0.18% of Emcor Group worth $8,491,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Parametric Portfolio Associates LLC raised its stake in Emcor Group by 7.8% in the third quarter. Parametric Portfolio Associates LLC now owns 168,954 shares of the construction company’s stock worth $14,550,000 after buying an additional 12,293 shares in the last quarter. California State Teachers Retirement System raised its stake in Emcor Group by 1.1% in the third quarter. California State Teachers Retirement System now owns 89,494 shares of the construction company’s stock worth $7,707,000 after buying an additional 1,010 shares in the last quarter. Stifel Financial Corp raised its stake in Emcor Group by 1.4% in the third quarter. Stifel Financial Corp now owns 24,616 shares of the construction company’s stock worth $2,119,000 after buying an additional 338 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in Emcor Group by 2.7% in the third quarter. Miracle Mile Advisors LLC now owns 37,971 shares of the construction company’s stock worth $3,270,000 after buying an additional 1,010 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in Emcor Group by 4.1% in the third quarter. TimesSquare Capital Management LLC now owns 1,044,610 shares of the construction company’s stock worth $89,962,000 after buying an additional 41,110 shares in the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.
In other Emcor Group news, CEO Anthony Guzzi sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $89.04, for a total transaction of $445,200.00. Following the completion of the transaction, the chief executive officer now owns 354,146 shares of the company’s stock, valued at $31,533,159.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.
Emcor Group (NYSE:EME) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.04. Emcor Group had a net margin of 3.51% and a return on equity of 17.11%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts forecast that Emcor Group Inc will post 5.72 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on EME shares. Maxim Group reissued a “hold” rating and issued a $95.00 price target on shares of Emcor Group in a research note on Thursday, October 31st. ValuEngine downgraded shares of Emcor Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, DA Davidson increased their price target on shares of Emcor Group to $107.00 and gave the stock a “positive” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.50.
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 and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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