Guggenheim Capital LLC lowered its position in shares of Emcor (NYSE:EME) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,924 shares of the construction company’s stock after selling 2,218 shares during the period. Guggenheim Capital LLC’s holdings in Emcor were worth $5,308,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in EME. Macquarie Group Ltd. purchased a new stake in Emcor during the 3rd quarter valued at $298,000. ETRADE Capital Management LLC boosted its position in Emcor by 12.1% during the 3rd quarter. ETRADE Capital Management LLC now owns 8,361 shares of the construction company’s stock valued at $580,000 after buying an additional 901 shares during the period. Nordea Investment Management AB boosted its position in Emcor by 19.6% during the 3rd quarter. Nordea Investment Management AB now owns 77,000 shares of the construction company’s stock valued at $5,342,000 after buying an additional 12,600 shares during the period. Legal & General Group Plc boosted its position in Emcor by 8.7% during the 3rd quarter. Legal & General Group Plc now owns 79,052 shares of the construction company’s stock valued at $5,488,000 after buying an additional 6,326 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Emcor by 6.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,068,029 shares of the construction company’s stock valued at $74,100,000 after buying an additional 65,047 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.
NYSE:EME opened at $77.93 on Friday. Emcor has a 12 month low of $60.30 and a 12 month high of $85.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.36. The stock has a market capitalization of $4,549.01, a PE ratio of 19.24, a P/E/G ratio of 1.16 and a beta of 0.99.
Several equities research analysts have weighed in on EME shares. Zacks Investment Research cut shares of Emcor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price target on shares of Emcor in a research report on Tuesday, February 27th. Finally, DA Davidson reissued a “neutral” rating on shares of Emcor in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Emcor has an average rating of “Hold” and an average price target of $86.00.
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 process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
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