First Midwest Bank Trust Division raised its position in shares of Emcor Group Inc. (NYSE:EME) by 47.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,649 shares of the company’s stock after buying an additional 5,962 shares during the period. First Midwest Bank Trust Division’s holdings in Emcor Group were worth $919,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in EME. Carnick & Kubik LLC acquired a new stake in shares of Emcor Group during the first quarter worth about $126,000. TimesSquare Capital Management LLC boosted its stake in shares of Emcor Group by 17.0% in the first quarter. TimesSquare Capital Management LLC now owns 970,404 shares of the company’s stock worth $47,162,000 after buying an additional 140,840 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Emcor Group by 1.6% in the first quarter. JPMorgan Chase & Co. now owns 1,296,179 shares of the company’s stock worth $62,994,000 after buying an additional 20,567 shares during the last quarter. BlackRock Japan Co. Ltd acquired a new stake in shares of Emcor Group during the first quarter worth about $170,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Emcor Group by 12.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,721,433 shares of the company’s stock worth $83,662,000 after buying an additional 184,094 shares during the last quarter. 96.88% of the stock is owned by institutional investors.
Emcor Group Inc. (NYSE:EME) traded up 0.52% on Friday, reaching $59.62. The company had a trading volume of 447,761 shares. The stock’s 50-day moving average price is $57.28 and its 200-day moving average price is $51.15. The stock has a market capitalization of $3.62 billion, a P/E ratio of 20.36 and a beta of 1.15. Emcor Group Inc. has a 12-month low of $40.98 and a 12-month high of $60.33.
Emcor Group (NYSE:EME) last announced its earnings results on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.24. Emcor Group had a return on equity of 12.33% and a net margin of 2.55%. The firm earned $1.93 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the firm posted $0.74 EPS. The business’s revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts anticipate that Emcor Group Inc. will post $3.10 EPS for the current fiscal year.
A number of brokerages have recently issued reports on EME. Zacks Investment Research cut shares of Emcor Group from a “buy” rating to a “hold” rating in a research report on Wednesday. FBR & Co boosted their target price on shares of Emcor Group from $52.00 to $62.00 and gave the company a “mkt perform” rating in a research report on Tuesday, August 16th. Finally, Sidoti initiated coverage on shares of Emcor Group in a research report on Tuesday, June 21st. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.00.
In other news, Director David A. B. Brown sold 5,851 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $55.25, for a total transaction of $323,267.75. Following the completion of the transaction, the director now owns 22,076 shares in the company, valued at approximately $1,219,699. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jerry E. Ryan sold 6,202 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $55.42, for a total value of $343,714.84. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Emcor Group Company Profile
EMCOR Group, Inc 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. The Company’s 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.
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