Sawtooth Solutions LLC acquired a new stake in shares of Emcor Group Inc (NYSE:EME) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,780 shares of the construction company’s stock, valued at approximately $203,000.
Several other institutional investors have also added to or reduced their stakes in EME. Icon Wealth Partners LLC purchased a new stake in shares of Emcor Group during the first quarter valued at $25,000. FinTrust Capital Advisors LLC boosted its position in Emcor Group by 62.4% in the first quarter. FinTrust Capital Advisors LLC now owns 812 shares of the construction company’s stock worth $59,000 after purchasing an additional 312 shares during the last quarter. ETF Managers Group LLC boosted its position in Emcor Group by 17.8% in the fourth quarter. ETF Managers Group LLC now owns 1,703 shares of the construction company’s stock worth $102,000 after purchasing an additional 257 shares during the last quarter. Ffcm LLC boosted its position in Emcor Group by 1,699.1% in the fourth quarter. Ffcm LLC now owns 2,015 shares of the construction company’s stock worth $120,000 after purchasing an additional 1,903 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in Emcor Group in the fourth quarter worth about $142,000. 93.96% of the stock is currently owned by institutional investors.
Shares of NYSE:EME opened at $82.84 on Thursday. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.38. Emcor Group Inc has a 52-week low of $57.29 and a 52-week high of $85.31.
Emcor Group (NYSE:EME) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.23. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Emcor Group had a return on equity of 17.18% and a net margin of 3.58%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. As a group, equities analysts anticipate that Emcor Group Inc will post 5.45 EPS for the current year.
In other news, CFO Mark A. Pompa sold 8,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $80.00, for a total value of $640,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony Guzzi sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.00, for a total value of $75,000.00. The disclosure for this sale can be found here. Insiders sold 40,546 shares of company stock worth $3,239,188 over the last three months. Insiders own 1.90% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research raised Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a research report on Thursday, May 2nd. Maxim Group set a $73.00 target price on Emcor Group and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, ValuEngine raised Emcor Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th.
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About Emcor Group
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 and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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