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 14.55% during the most recent quarter end. The investment management company now holds a total of 333,930 shares of Emcor Group Inc which is valued at $23,395,136 after selling 56,880 shares in Emcor Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Emcor Group Inc makes up approximately 3.73% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Highbridge Capital Management boosted its stake in EME in the latest quarter, The investment management firm added 17,702 additional shares and now holds a total of 23,946 shares of Emcor Group Inc which is valued at $1,612,524. Emcor Group Inc makes up approx 0.04% of Highbridge Capital Management’s portfolio.Great Lakes Advisors reduced its stake in EME by selling 44,681 shares or 31.98% in the most recent quarter. The Hedge Fund company now holds 95,019 shares of EME which is valued at $5,804,711. Emcor Group Inc makes up approx 0.16% of Great Lakes Advisors’s portfolio. Next Financial Group Inc added EME to its portfolio by purchasing 388 company shares during the most recent quarter which is valued at $23,125.Benjamin F. Edwards Company boosted its stake in EME in the latest quarter, The investment management firm added 1,542 additional shares and now holds a total of 2,685 shares of Emcor Group Inc which is valued at $151,434. Emcor Group Inc makes up approx 0.03% of Benjamin F. Edwards Company’s portfolio.

Emcor Group Inc closed down -0.61 points or -0.87% at $69.87 with 5,53,249 shares getting traded on Monday. Post opening the session at $70.64, the shares hit an intraday low of $69.72 and an intraday high of $70.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Emcor Group Inc reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.77. The company had revenue of $1923.20 million for the quarter, compared to analysts expectations of $1868.75 million. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Emcor Group Inc. Company shares were Reiterated by Stifel on Oct 28, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $62 .

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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