S&t Bankpa Lowers stake in Emcor Group Inc (EME)

Emcor Group Inc (EME) : S&t Bankpa reduced its stake in Emcor Group Inc by 2.48% during the most recent quarter end. The investment management company now holds a total of 390,810 shares of Emcor Group Inc which is valued at $22,190,192 after selling 9,926 shares in Emcor Group Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Emcor Group Inc makes up approximately 3.48% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Tradewinds Global Investors added EME to its portfolio by purchasing 5,194 company shares during the most recent quarter which is valued at $294,915. Emcor Group Inc makes up approx 0.02% of Tradewinds Global Investors’s portfolio. Cable Hill Partners sold out all of its stake in EME during the most recent quarter. The investment firm sold 221 shares of EME which is valued $12,498.Wedge Capital Management L L Pnc reduced its stake in EME by selling 2,400 shares or 9.0% in the most recent quarter. The Hedge Fund company now holds 24,265 shares of EME which is valued at $1,351,561. Emcor Group Inc makes up approx 0.01% of Wedge Capital Management L L Pnc’s portfolio.First Citizens Bank Trust Co reduced its stake in EME by selling 996 shares or 8.73% in the most recent quarter. The Hedge Fund company now holds 10,418 shares of EME which is valued at $580,283. Emcor Group Inc makes up approx 0.05% of First Citizens Bank Trust Co’s portfolio.

Emcor Group Inc closed down -0.22 points or -0.39% at $56.67 with 2,07,224 shares getting traded on Friday. Post opening the session at $56.8, the shares hit an intraday low of $56.29 and an intraday high of $56.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Emcor Group Inc reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.72. The company had revenue of $1930.00 million for the quarter, compared to analysts expectations of $1751.33 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on Emcor Group Inc. Company shares were Reiterated by FBR Capital on Aug 16, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 62 from a previous price target of $52 .Emcor Group Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 19, 2016. Sidoti Initiated Emcor Group Inc on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $65.

EMCOR Group Inc. (EMCOR) 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. Its services are provided to a range of commercial industrial utility and institutional customers through approximately 70 operating subsidiaries and joint venture entities. It specializes in providing construction services relating to electrical and mechanical systems in all types of non-residential and certain residential facilities and in providing various services relating to the operation maintenance and management of facilities including refineries and petrochemical plants. The Company operates in segments: 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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