S&t Bankpa buys $18.7 Million stake in Emcor Group Inc (EME)

Emcor Group Inc (EME) : S&t Bankpa scooped up 434 additional shares in Emcor Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 400,736 shares of Emcor Group Inc which is valued at $18.7 Million.Emcor Group Inc makes up approximately 3.25% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Timessquare Capital Management boosted its stake in EME in the latest quarter, The investment management firm added 140,840 additional shares and now holds a total of 970,404 shares of Emcor Group Inc which is valued at $45.3 Million. Emcor Group Inc makes up approx 0.30% of Timessquare Capital Management’s portfolio.Bronfman E.l. Rothschild boosted its stake in EME in the latest quarter, The investment management firm added 2,126 additional shares and now holds a total of 2,172 shares of Emcor Group Inc which is valued at $103,322. Emcor Group Inc makes up approx 0.02% of Bronfman E.l. Rothschild’s portfolio.Numeric Investors reduced its stake in EME by selling 138,600 shares or 41.11% in the most recent quarter. The Hedge Fund company now holds 198,542 shares of EME which is valued at $9.4 Million. Emcor Group Inc makes up approx 0.10% of Numeric Investors’s portfolio. Manchester Capital Management added EME to its portfolio by purchasing 2,203 company shares during the most recent quarter which is valued at $104,797. Emcor Group Inc makes up approx 0.01% of Manchester Capital Management’s portfolio. Farmers Merchants Investments Inc added EME to its portfolio by purchasing 163 company shares during the most recent quarter which is valued at $7,754.

Emcor Group Inc opened for trading at $47 and hit $47.35 on the upside on Monday, eventually ending the session at $47.11, with a gain of 0.83% or 0.39 points. The heightened volatility saw the trading volume jump to 1,56,440 shares. Company has a market cap of $2,860 M.

On the company’s financial health, Emcor Group Inc reported $0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.58. The company had revenue of $1744.97 million for the quarter, compared to analysts expectations of $1644.01 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Emcor Group Inc. Company shares were Reiterated by Stifel on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .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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