South Dakota Investment Council continued to hold its position in shares of EMCOR Group, Inc. (NYSE:EME) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,900 shares of the construction company’s stock at the end of the second quarter. South Dakota Investment Council’s holdings in EMCOR Group were worth $909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EME. Flinton Capital Management LLC raised its stake in shares of EMCOR Group by 8.5% during the 1st quarter. Flinton Capital Management LLC now owns 1,632 shares of the construction company’s stock worth $103,000 after acquiring an additional 128 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of EMCOR Group by 4.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,897 shares of the construction company’s stock worth $124,000 after acquiring an additional 76 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of EMCOR Group by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 1,920 shares of the construction company’s stock worth $126,000 after acquiring an additional 1,320 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of EMCOR Group by 8.5% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,244 shares of the construction company’s stock worth $141,000 after acquiring an additional 176 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of EMCOR Group by 8.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,376 shares of the construction company’s stock worth $155,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Several research firms recently commented on EME. Zacks Investment Research upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, July 31st. KeyCorp reiterated a “hold” rating on shares of EMCOR Group in a research note on Friday, August 25th. Finally, BidaskClub lowered shares of EMCOR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One equities 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 has an average rating of “Hold” and an average target price of $72.33.

EMCOR Group, Inc. (EME) opened at 67.85 on Friday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 20.34 and a beta of 0.89. The firm’s 50-day moving average is $65.79 and its 200-day moving average is $64.53. EMCOR Group, Inc. has a 52 week low of $55.10 and a 52 week high of $73.44.

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

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

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