Principal Financial Group Inc. decreased its position in EMCOR Group, Inc. (NYSE:EME) by 36.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 273,910 shares of the construction company’s stock after selling 158,158 shares during the period. Principal Financial Group Inc. owned about 0.46% of EMCOR Group worth $17,908,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EME. Capstone Asset Management Co. grew its holdings in EMCOR Group by 7.1% in the first quarter. Capstone Asset Management Co. now owns 4,352 shares of the construction company’s stock valued at $274,000 after purchasing an additional 290 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in EMCOR Group by 94.9% in the first quarter. Russell Investments Group Ltd. now owns 159,204 shares of the construction company’s stock valued at $10,021,000 after purchasing an additional 77,525 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in EMCOR Group by 2.4% in the first quarter. Great West Life Assurance Co. Can now owns 34,341 shares of the construction company’s stock valued at $2,160,000 after purchasing an additional 815 shares during the last quarter. First Trust Advisors LP grew its holdings in EMCOR Group by 9.9% in the first quarter. First Trust Advisors LP now owns 174,769 shares of the construction company’s stock valued at $11,002,000 after purchasing an additional 15,698 shares during the last quarter. Finally, Flinton Capital Management LLC grew its holdings in EMCOR Group by 8.5% in the first quarter. Flinton Capital Management LLC now owns 1,632 shares of the construction company’s stock valued at $103,000 after purchasing an additional 128 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

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Shares of EMCOR Group, Inc. (NYSE EME) opened at 68.00 on Friday. The stock has a market capitalization of $4.02 billion, a P/E ratio of 20.38 and a beta of 0.89. The stock has a 50 day moving average price of $65.77 and a 200 day moving average price of $64.56. EMCOR Group, Inc. has a 12 month low of $55.10 and a 12 month high of $73.44.

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

EME has been the topic of several research reports. BidaskClub lowered EMCOR Group from a “hold” rating to a “sell” rating in a report on Friday, July 28th. KeyCorp reissued a “hold” rating on shares of EMCOR Group in a report on Friday, August 25th. Finally, Zacks Investment Research raised 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 given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $72.33.

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.

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

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