Saddle Road Partners buys $576,159 stake in Emcor Group Inc (EME)

Emcor Group Inc (EME) : Saddle Road Partners scooped up 922 additional shares in Emcor Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 11,732 shares of Emcor Group Inc which is valued at $576,159.Emcor Group Inc makes up approximately 0.12% of Saddle Road Partners’s portfolio.

Emcor Group Inc closed down -0.03 points or -0.06% at $48.37 with 3,43,098 shares getting traded on Wednesday. Post opening the session at $48.53, the shares hit an intraday low of $48.07 and an intraday high of $48.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in EME during the most recent quarter. The investment firm sold 31,800 shares of EME which is valued $1,561,698. First Citizens Bank Trust Co added EME to its portfolio by purchasing 11,414 company shares during the most recent quarter which is valued at $560,542. Emcor Group Inc makes up approx 0.05% of First Citizens Bank Trust Co’s portfolio. Integrated Investment Consultants added EME to its portfolio by purchasing 920 company shares during the most recent quarter which is valued at $44,583. Emcor Group Inc makes up approx 0.03% of Integrated Investment Consultants’s portfolio.

On the company’s financial health, Emcor Group Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.77. The company had revenue of $1777.82 million for the quarter, compared to analysts expectations of $1731.19 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on Emcor Group Inc. Shares were Downgraded by DA Davidson on Feb 26, 2016 to ” Neutral” and Lowered the Price Target to $ 50 from a previous price target of $52 .

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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