JOYN Advisors Inc. acquired a new stake in shares of Emcor Group Inc (NYSE:EME) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,739 shares of the construction company’s stock, valued at approximately $224,000.
A number of other institutional investors also recently modified their holdings of the stock. Quantitative Investment Management LLC bought a new position in Emcor Group during the fourth quarter valued at approximately $327,000. Driehaus Capital Management LLC purchased a new stake in Emcor Group during the fourth quarter valued at approximately $286,000. Koch Industries Inc. increased its holdings in Emcor Group by 75.1% during the fourth quarter. Koch Industries Inc. now owns 6,685 shares of the construction company’s stock valued at $546,000 after buying an additional 2,868 shares during the last quarter. ETRADE Capital Management LLC increased its holdings in Emcor Group by 11.2% during the fourth quarter. ETRADE Capital Management LLC now owns 9,294 shares of the construction company’s stock valued at $760,000 after buying an additional 933 shares during the last quarter. Finally, Bogle Investment Management L P DE purchased a new stake in Emcor Group during the fourth quarter valued at approximately $1,105,000. Institutional investors own 96.00% of the company’s stock.
Shares of Emcor Group Inc (EME) traded up $0.58 during midday trading on Friday, hitting $80.98. 713,521 shares of the stock were exchanged, compared to its average volume of 331,037. The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $4,693.21, a PE ratio of 21.20, a PEG ratio of 1.20 and a beta of 0.99. Emcor Group Inc has a 1 year low of $59.76 and a 1 year high of $85.08.
Emcor Group (NYSE:EME) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.27. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Emcor Group had a net margin of 2.96% and a return on equity of 15.10%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 earnings per share. sell-side analysts expect that Emcor Group Inc will post 4.48 earnings per share for the current fiscal year.
EME has been the subject of a number of research reports. Zacks Investment Research cut shares of Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. KeyCorp reaffirmed a “hold” rating on shares of Emcor Group in a report on Friday, November 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $87.00 target price on shares of Emcor Group in a report on Tuesday, February 27th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Emcor Group in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Emcor Group currently has an average rating of “Hold” and an average price target of $86.00.
In other news, Director William P. Reid sold 4,647 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $82.90, for a total value of $385,236.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/03/17/joyn-advisors-inc-purchases-new-stake-in-emcor-group-inc-eme.html.
Emcor Group Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its 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.
Receive News & Ratings for Emcor Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emcor Group and related companies with MarketBeat.com's FREE daily email newsletter.