Comerica Bank raised its stake in EMCOR Group, Inc. (NYSE:EME) by 1.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 58,682 shares of the construction company’s stock after buying an additional 725 shares during the period. Comerica Bank owned about 0.10% of EMCOR Group worth $3,756,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its stake in shares of EMCOR Group by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,231 shares of the construction company’s stock valued at $203,000 after buying an additional 20 shares during the period. Ronald Blue & Co. LLC boosted its stake in shares of EMCOR Group by 1.3% in the second quarter. Ronald Blue & Co. LLC now owns 3,718 shares of the construction company’s stock valued at $243,000 after buying an additional 47 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of EMCOR Group by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,100 shares of the construction company’s stock valued at $951,000 after buying an additional 100 shares during the period. Sit Investment Associates Inc. boosted its stake in shares of EMCOR Group by 0.3% in the second quarter. Sit Investment Associates Inc. now owns 37,525 shares of the construction company’s stock valued at $2,453,000 after buying an additional 100 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in shares of EMCOR Group by 1.3% in the first quarter. Advantus Capital Management Inc now owns 7,638 shares of the construction company’s stock valued at $481,000 after buying an additional 101 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EMCOR Group, Inc. (EME) opened at 64.17 on Wednesday. The stock has a 50 day moving average of $65.44 and a 200-day moving average of $64.72. The company has a market capitalization of $3.80 billion, a PE ratio of 19.24 and a beta of 0.89. EMCOR Group, Inc. has a one year low of $54.89 and a one year high of $73.44.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. EMCOR Group had a net margin of 2.63% and a return on equity of 13.19%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that EMCOR Group, Inc. will post $3.57 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on EME shares. KeyCorp reaffirmed a “hold” rating on shares of EMCOR Group in a report on Friday, August 25th. BidaskClub cut shares of EMCOR Group from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research raised shares of EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, July 31st. One research 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. EMCOR Group currently has an average rating of “Hold” and an average price target of $72.33.

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.

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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