QS Investors LLC decreased its holdings in Emcor Group Inc (NYSE:EME) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,686 shares of the construction company’s stock after selling 4,377 shares during the quarter. QS Investors LLC owned 0.18% of Emcor Group worth $8,640,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of EME. Aperio Group LLC boosted its stake in shares of Emcor Group by 3.4% in the third quarter. Aperio Group LLC now owns 27,329 shares of the construction company’s stock valued at $1,896,000 after purchasing an additional 899 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Emcor Group in the third quarter valued at approximately $362,000. State of Tennessee Treasury Department boosted its stake in shares of Emcor Group by 76.5% in the third quarter. State of Tennessee Treasury Department now owns 52,942 shares of the construction company’s stock valued at $3,673,000 after purchasing an additional 22,942 shares during the period. Bessemer Group Inc. boosted its stake in shares of Emcor Group by 36.4% in the third quarter. Bessemer Group Inc. now owns 31,100 shares of the construction company’s stock valued at $2,158,000 after purchasing an additional 8,300 shares during the period. Finally, FDx Advisors Inc. boosted its stake in shares of Emcor Group by 7.7% in the third quarter. FDx Advisors Inc. now owns 14,194 shares of the construction company’s stock valued at $985,000 after purchasing an additional 1,011 shares during the period. 96.00% of the stock is owned by institutional investors and hedge funds.
Emcor Group Inc (NYSE:EME) opened at $80.10 on Monday. Emcor Group Inc has a 12 month low of $59.76 and a 12 month high of $85.08. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4,675.70, a P/E ratio of 20.97, a P/E/G ratio of 1.19 and a beta of 0.99.
In related news, Director William P. Reid sold 4,647 shares of Emcor Group stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by insiders.
EME has been the subject of several recent research reports. ValuEngine lowered shares of Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. KeyCorp reiterated a “hold” rating on shares of Emcor Group in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. DA Davidson reiterated a “neutral” rating on shares of Emcor Group in a research note on Friday, February 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price target on shares of Emcor Group in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.00.
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Emcor Group Company 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.
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