Emcor Group Inc (EME) Position Lowered by Northern Trust Corp

Northern Trust Corp trimmed its stake in Emcor Group Inc (NYSE:EME) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,021,716 shares of the construction company’s stock after selling 17,722 shares during the period. Northern Trust Corp’s holdings in Emcor Group were worth $60,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Emcor Group in the 4th quarter valued at $25,000. ETF Managers Group LLC grew its position in shares of Emcor Group by 17.8% in the 4th quarter. ETF Managers Group LLC now owns 1,703 shares of the construction company’s stock valued at $102,000 after buying an additional 257 shares during the last quarter. Ffcm LLC grew its position in shares of Emcor Group by 1,699.1% in the 4th quarter. Ffcm LLC now owns 2,015 shares of the construction company’s stock valued at $120,000 after buying an additional 1,903 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Emcor Group in the 4th quarter valued at $167,000. Finally, Paloma Partners Management Co purchased a new position in shares of Emcor Group in the 3rd quarter valued at $213,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Emcor Group stock opened at $73.47 on Friday. Emcor Group Inc has a 1 year low of $57.29 and a 1 year high of $82.04. The company has a current ratio of 1.38, a quick ratio of 1.35 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.15.

Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, February 21st. The construction company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.03. Emcor Group had a net margin of 3.49% and a return on equity of 16.51%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the firm posted $1.13 EPS. Emcor Group’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts forecast that Emcor Group Inc will post 5.25 EPS for the current year.

A number of research analysts recently commented on the stock. Maxim Group reaffirmed a “hold” rating and issued a $73.00 target price (up from $68.00) on shares of Emcor Group in a research report on Wednesday, March 6th. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $75.00 target price on the stock in a research report on Thursday, January 31st.

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Emcor Group 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 Group (NYSE:EME)

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