December 1, 2016 - By Adrian Mccoy · 0 Comments
Emcor Group Inc (NYSE:EME) institutional sentiment decreased to 1.03 in 2016 Q2. Its down -0.14, from 1.17 in 2016Q1. The ratio turned negative, as 125 active investment managers increased or opened new equity positions, while 107 trimmed and sold holdings in Emcor Group Inc. The active investment managers in our partner’s database now own: 58.07 million shares, down from 62.85 million shares in 2016Q1. Also, the number of active investment managers holding Emcor Group Inc in their top 10 equity positions increased from 3 to 5 for an increase of 2. Sold All: 16 Reduced: 91 Increased: 88 New Position: 37.
EMCOR Group, Inc. is an electrical and mechanical construction, and facilities services firm in the United States. The company has a market cap of $4.10 billion. The Firm provides a number of building services and industrial services. It has a 22.08 P/E ratio. The Company’s divisions 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.
About 79,871 shares traded hands. Emcor Group Inc (NYSE:EME) has risen 43.89% since April 28, 2016 and is uptrending. It has outperformed by 37.97% the S&P500.
Analysts await Emcor Group Inc (NYSE:EME) to report earnings on February, 23. They expect $0.83 EPS, up 3.75% or $0.03 from last year’s $0.8 per share. EME’s profit will be $49.20M for 20.83 P/E if the $0.83 EPS becomes a reality. After $0.85 actual EPS reported by Emcor Group Inc for the previous quarter, Wall Street now forecasts -2.35% negative EPS growth.
According to Zacks Investment Research, “EMCOR GROUP, INC. conducts its business through subsidiaries, specializes in the design, integration, installation, start-up, testing, operation and maintenance of complex mechanical and electrical systems. In addition, certain of its subsidiaries operate and maintain mechanical and/or electrical systems for customers under contracts and provide other services to customers, at the customer’s facilities, which services are commonly referred to as facilities management.”
Springbank Value Partners Lp holds 6.32% of its portfolio in Emcor Group Inc for 76,070 shares. Corbyn Investment Management Inc Md owns 311,116 shares or 4.99% of their US portfolio. Moreover, Value Holdings Lp has 4.97% invested in the company for 157,100 shares. The Pennsylvania-based S&T Bank Pa has invested 3.15% in the stock. Kirr Marbach & Co Llc In, a Indiana-based fund reported 252,904 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 5 insider sales for $2.01 million net activity.
Ratings analysis reveals 33% of EMCOR Group’s analysts are positive. Out of 3 Wall Street analysts rating EMCOR Group, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $54 while the high is $70. The stock’s average target of $62 is -10.35% below today’s ($69.16) share price. EME was included in 6 notes of analysts from October 14, 2015. Stifel Nicolaus maintained it with “Buy” rating and $57 target price in Monday, May 2 report. On Friday, October 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Tuesday, July 19 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. Stifel Nicolaus reinitiated the shares of EME in a report on Tuesday, January 5 with “Buy” rating. On Friday, February 26 the stock rating was downgraded by DA Davidson to “Neutral”.
EMCOR Group, Inc. (EMCOR), incorporated on March 31, 1987, is an electrical and mechanical construction, and facilities services firm in the United States. The Firm provides a number of building services and industrial services. The Company’s divisions 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. The Company’s services are provided to a range of commercial, industrial, utility and institutional clients through approximately 70 operating subsidiaries and joint venture entities. It specializes in providing construction services relating to electrical and mechanical systems in all types of non-residential and certain residential facilities and in providing various services relating to the operation, maintenance and management of facilities, including refineries and petrochemical plants.
Another recent and important Emcor Group Inc (NYSE:EME) news was published by Businesswire.com which published an article titled: “EMCOR Group, Inc. Reports Third Quarter Results” on October 27, 2016.
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By Adrian Mccoy