Saturna Capital CORP Sells 6,895 Shares of Emcor Group Inc (EME)

Saturna Capital CORP lowered its position in shares of Emcor Group Inc (NYSE:EME) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 682,750 shares of the construction company’s stock after selling 6,895 shares during the quarter. Emcor Group accounts for 1.5% of Saturna Capital CORP’s holdings, making the stock its 26th biggest position. Saturna Capital CORP owned approximately 1.16% of Emcor Group worth $47,369,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its position in Emcor Group by 0.4% during the 2nd quarter. Amalgamated Bank now owns 8,517 shares of the construction company’s stock worth $557,000 after acquiring an additional 38 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Emcor Group by 4.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,897 shares of the construction company’s stock worth $124,000 after acquiring an additional 76 shares during the last quarter. Stifel Financial Corp boosted its position in Emcor Group by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 20,550 shares of the construction company’s stock worth $1,344,000 after acquiring an additional 77 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Emcor Group by 8.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,376 shares of the construction company’s stock worth $155,000 after acquiring an additional 194 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in Emcor Group by 1.9% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,479 shares of the construction company’s stock worth $516,000 after acquiring an additional 198 shares during the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Jerry E. Ryan sold 13,000 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $78.06, for a total value of $1,014,780.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Emcor Group Inc (NYSE EME) traded down $0.18 during midday trading on Wednesday, hitting $80.37. The stock had a trading volume of 332,800 shares, compared to its average volume of 356,933. The firm has a market cap of $4,737.45, a P/E ratio of 22.13, a PEG ratio of 1.42 and a beta of 1.01. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Emcor Group Inc has a 12 month low of $59.76 and a 12 month high of $81.88.

Emcor Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.82 by $0.27. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.93 billion. Emcor Group had a return on equity of 13.94% and a net margin of 2.82%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. equities analysts predict that Emcor Group Inc will post 3.79 EPS for the current fiscal year.

Emcor Group announced that its board has authorized a share repurchase plan on Thursday, October 26th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

A number of research firms have weighed in on EME. Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price target (up previously from $75.00) on shares of Emcor Group in a research report on Wednesday, November 1st. Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Tuesday, October 31st. ValuEngine downgraded Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. KeyCorp reissued a “hold” rating on shares of Emcor Group in a report on Friday, November 17th. Finally, BidaskClub downgraded Emcor Group from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $83.33.

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Emcor Group Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are 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.

Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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