Guggenheim Capital LLC Has $5.31 Million Holdings in Emcor (EME)

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.

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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.

Emcor (NYSE:EME) last posted its earnings results on Thursday, February 22nd. The construction company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.27. Emcor had a net margin of 2.96% and a return on equity of 15.10%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the company posted $0.72 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts forecast that Emcor will post 4.48 earnings per share for the current year.

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.

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Emcor Profile

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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Institutional Ownership by Quarter for Emcor (NYSE:EME)

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