Anthony Guzzi Sells 23,434 Shares of Emcor Group Inc (EME) Stock
Emcor Group Inc (NYSE:EME) Chairman Anthony Guzzi sold 23,434 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $76.55, for a total value of $1,793,872.70. The sale was disclosed in a filing with the SEC, which is available through this link.
EME traded up $0.99 during midday trading on Friday, reaching $77.94. 202,800 shares of the company were exchanged, compared to its average volume of 323,847. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.46. The firm has a market capitalization of $4.47 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.09 and a beta of 0.97. Emcor Group Inc has a one year low of $62.15 and a one year high of $85.08.
Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 26th. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.92 billion. Emcor Group had a return on equity of 15.44% and a net margin of 3.15%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. equities analysts forecast that Emcor Group Inc will post 4.67 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Adviser Investments LLC purchased a new position in shares of Emcor Group in the 1st quarter worth approximately $143,000. GSA Capital Partners LLP purchased a new position in shares of Emcor Group in the 2nd quarter worth approximately $203,000. Element Capital Management LLC purchased a new position in shares of Emcor Group in the 1st quarter worth approximately $227,000. Cubist Systematic Strategies LLC boosted its stake in shares of Emcor Group by 234.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,598 shares of the construction company’s stock worth $274,000 after buying an additional 2,522 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Emcor Group by 1,843.1% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 3,925 shares of the construction company’s stock worth $299,000 after buying an additional 3,723 shares during the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.
Separately, Zacks Investment Research raised Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $86.00.
Emcor Group Company Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
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