ETRADE Capital Management LLC Has $760,000 Stake in Emcor Group Inc (EME)
ETRADE Capital Management LLC lifted its position in Emcor Group Inc (NYSE:EME) by 11.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,294 shares of the construction company’s stock after purchasing an additional 933 shares during the period. ETRADE Capital Management LLC’s holdings in Emcor Group were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Reliance Trust Co. of Delaware acquired a new stake in shares of Emcor Group in the fourth quarter worth $203,000. Virtu Financial LLC acquired a new stake in shares of Emcor Group in the fourth quarter worth $206,000. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Emcor Group in the fourth quarter worth $212,000. Magnetar Financial LLC acquired a new stake in shares of Emcor Group in the third quarter worth $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Emcor Group by 48.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the construction company’s stock worth $288,000 after buying an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.
Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine cut 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. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 target price on shares of Emcor Group in a research note on Tuesday, February 27th. Finally, DA Davidson reiterated a “neutral” rating on shares of Emcor Group in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $86.00.
Emcor Group (NYSE:EME) last released its earnings results on Thursday, February 22nd. The construction company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.27. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Emcor Group had a net margin of 2.96% and a return on equity of 15.10%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. equities analysts predict that Emcor Group Inc will post 4.48 earnings per share for the current year.
In related news, Director William P. Reid sold 4,647 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $82.90, for a total transaction of $385,236.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.
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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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