Bank of America Corp DE cut its holdings in Emcor Group Inc (NYSE:EME) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 579,927 shares of the construction company’s stock after selling 80,606 shares during the quarter. Bank of America Corp DE owned about 1.06% of Emcor Group worth $38,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BDO Wealth Advisors LLC grew its position in shares of Emcor Group by 988.9% in the 1st quarter. BDO Wealth Advisors LLC now owns 490 shares of the construction company’s stock valued at $30,000 after purchasing an additional 445 shares during the period. Citizens Financial Group Inc RI boosted its position in Emcor Group by 233.9% during the 1st quarter. Citizens Financial Group Inc RI now owns 925 shares of the construction company’s stock worth $57,000 after acquiring an additional 648 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Emcor Group by 73.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,396 shares of the construction company’s stock worth $92,000 after acquiring an additional 591 shares during the last quarter. IFP Advisors Inc boosted its position in Emcor Group by 14.0% during the 2nd quarter. IFP Advisors Inc now owns 1,616 shares of the construction company’s stock worth $105,000 after acquiring an additional 198 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Emcor Group during the 1st quarter worth approximately $130,000. Institutional investors and hedge funds own 93.72% of the company’s stock.

EME opened at $69.63 on Wednesday. Emcor Group Inc has a 1-year low of $41.85 and a 1-year high of $93.54. The stock’s fifty day simple moving average is $72.93 and its 200 day simple moving average is $65.45. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.82 billion, a PE ratio of 24.69 and a beta of 1.05.

Emcor Group (NYSE:EME) last posted its quarterly earnings data on Monday, August 3rd. The construction company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.52. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Emcor Group had a return on equity of 16.17% and a net margin of 1.78%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 EPS. Equities analysts forecast that Emcor Group Inc will post 4.4 earnings per share for the current year.

A number of brokerages have recently issued reports on EME. Sidoti upgraded Emcor Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 29th. Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, July 7th. Finally, ValuEngine cut Emcor Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $66.33.

In other Emcor Group news, CEO Anthony Guzzi sold 10,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $77.01, for a total transaction of $770,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Emcor Group Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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

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