Cornercap Investment Counsel Inc. raised its position in shares of Emcor Group Inc (NYSE:EME) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,615 shares of the construction company’s stock after acquiring an additional 3,495 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Emcor Group were worth $1,195,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of EME. Reliance Trust Co. of Delaware bought a new position in Emcor Group during the fourth quarter valued at $203,000. Magnetar Financial LLC bought a new position in Emcor Group during the third quarter valued at $204,000. Virtu Financial LLC bought a new position in Emcor Group during the fourth quarter valued at $206,000. Chevy Chase Trust Holdings Inc. bought a new position in Emcor Group during the fourth quarter valued at $212,000. Finally, Advisor Group Inc. increased its position in Emcor Group by 35.2% during the fourth quarter. Advisor Group Inc. now owns 2,682 shares of the construction company’s stock valued at $219,000 after acquiring an additional 698 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.
Emcor Group Inc (NYSE:EME) opened at $79.54 on Tuesday. 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 company has a market cap of $4,675.70, a PE ratio of 19.78, a PEG ratio of 1.19 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.
A number of research firms have weighed in on EME. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price objective on shares of Emcor Group in a research report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Monday, February 26th. DA Davidson reiterated a “neutral” rating on shares of Emcor Group in a research report on Friday, February 23rd. KeyCorp reiterated a “hold” rating on shares of Emcor Group in a research report on Friday, November 17th. Finally, ValuEngine cut shares of Emcor Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $86.00.
In other news, Director William P. Reid sold 4,647 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $82.90, for a total value of $385,236.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
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About Emcor Group
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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