Brown Advisory Inc. Holds Position in Emcor Group Inc. (EME)
Brown Advisory Inc. held its stake in Emcor Group Inc. (NYSE:EME) during the second quarter, Holdings Channel reports. The institutional investor owned 8,000 shares of the company’s stock at the end of the second quarter. Brown Advisory Inc.’s holdings in Emcor Group were worth $394,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Bruderman Asset Management LLC purchased a new stake in Emcor Group during the second quarter valued at $124,000. Carnick & Kubik LLC purchased a new stake in Emcor Group during the first quarter valued at $126,000. BlackRock Japan Co. Ltd purchased a new stake in Emcor Group during the first quarter valued at $170,000. LS Investment Advisors LLC raised its stake in Emcor Group by 72.7% in the second quarter. LS Investment Advisors LLC now owns 3,706 shares of the company’s stock valued at $183,000 after buying an additional 1,560 shares during the last quarter. Finally, Commonwealth Equity Services Inc purchased a new stake in Emcor Group during the second quarter valued at $207,000. 96.88% of the stock is owned by institutional investors.
Shares of Emcor Group Inc. (NYSE:EME) traded down 0.77% during trading on Monday, reaching $59.16. 69,241 shares of the company’s stock were exchanged. The stock has a market cap of $3.60 billion, a PE ratio of 20.20 and a beta of 1.09. The stock’s 50 day moving average price is $57.28 and its 200-day moving average price is $51.15. Emcor Group Inc. has a 52-week low of $40.98 and a 52-week high of $60.33.
Emcor Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.24. Emcor Group had a net margin of 2.55% and a return on equity of 12.33%. The business earned $1.93 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that Emcor Group Inc. will post $3.10 EPS for the current year.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Monday, August 1st. Sidoti initiated coverage on shares of Emcor Group in a report on Tuesday, June 21st. They issued a “buy” rating for the company. Finally, FBR & Co raised their price target on shares of Emcor Group from $52.00 to $62.00 and gave the company a “mkt perform” rating in a report on Tuesday, August 16th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $57.00.
In related news, SVP Maxine Lum Mauricio sold 1,386 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $56.35, for a total transaction of $78,101.10. Following the completion of the sale, the senior vice president now owns 15,493 shares in the company, valued at $873,030.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jerry E. Ryan sold 6,202 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $55.42, for a total transaction of $343,714.84. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Emcor Group Company Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s 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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