First Mercantile Trust Co buys $898,452 stake in Emcor Group Inc (EME)

Emcor Group Inc (EME) : First Mercantile Trust Co scooped up 6,590 additional shares in Emcor Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 15,228 shares of Emcor Group Inc which is valued at $898,452.Emcor Group Inc makes up approximately 0.12% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading added EME to its portfolio by purchasing 13,203 company shares during the most recent quarter which is valued at $778,977. Emcor Group Inc makes up approx 0.10% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EME by selling 16,509 shares or 56.68% in the most recent quarter. The Hedge Fund company now holds 12,616 shares of EME which is valued at $761,502. Washington Trust Bank added EME to its portfolio by purchasing 1,306 company shares during the most recent quarter which is valued at $78,830. Emcor Group Inc makes up approx 0.02% of Washington Trust Bank’s portfolio.

Emcor Group Inc closed down -0.9 points or -1.50% at $59 with 4,56,257 shares getting traded on Friday. Post opening the session at $59.89, the shares hit an intraday low of $58.56 and an intraday high of $59.91 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.

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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