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MarketScreener Homepage  >  Equities  >  Nyse  >  Emcor Group Inc    EME

EMCOR GROUP INC

(EME)
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Emcor : Metlife Investment Advisors Llc Has $5.67 Million Stake in Emcor Group Inc

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01/12/2019 | 09:32am EDT

MetLife Investment Advisors LLC grew its holdings in shares of Emcor Group Inc (NYSE:EME) by 19.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,540 shares of the construction companys stock after buying an additional 12,049 shares during the period. MetLife Investment Advisors LLC owned 0.13% of Emcor Group worth $5,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EME. GSA Capital Partners LLP purchased a new stake in Emcor Group in the second quarter worth $203,000. Paloma Partners Management Co purchased a new stake in Emcor Group in the third quarter worth $213,000. Cubist Systematic Strategies LLC grew its stake in Emcor Group by 234.4% in the second quarter. Cubist Systematic Strategies LLC now owns 3,598 shares of the construction companys stock worth $274,000 after purchasing an additional 2,522 shares during the period. Itau Unibanco Holding S.A. grew its stake in Emcor Group by 1,843.1% in the second quarter. Itau Unibanco Holding S.A. now owns 3,925 shares of the construction companys stock worth $299,000 after purchasing an additional 3,723 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Emcor Group in the third quarter worth $297,000. 92.96% of the stock is currently owned by hedge funds and other institutional investors.

EME has been the topic of several recent research reports. Zacks Investment Research raised Emcor Group from a hold rating to a buy rating and set a $84.00 price target on the stock in a research note on Monday, October 1st. Maxim Group initiated coverage on Emcor Group in a research note on Thursday, December 13th. They issued a hold rating and a $68.00 price target on the stock. DA Davidson raised Emcor Group from a neutral rating to a buy rating and set a $83.00 price target on the stock in a research note on Thursday, October 25th. They noted that the move was a valuation call. Finally, ValuEngine cut Emcor Group from a hold rating to a sell rating in a research note on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $80.50.

NYSE EME opened at $58.09 on Friday. Emcor Group Inc has a 12 month low of $57.29 and a 12 month high of $85.08. The firm has a market capitalization of $3.44 billion, a PE ratio of 14.31, a P/E/G ratio of 0.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.44 and a current ratio of 1.46.

Emcor Group (NYSE:EME) last released its earnings results on Thursday, October 25th. The construction company reported $1.35 EPS for the quarter, topping analysts consensus estimates of $1.23 by $0.12. Emcor Group had a return on equity of 15.96% and a net margin of 3.27%. The firm had revenue of $2.05 billion for the quarter, compared to analysts expectations of $1.95 billion. As a group, equities analysts anticipate that Emcor Group Inc will post 4.87 earnings per share for the current year.

Emcor Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically an indication that the companys board of directors believes its stock is undervalued.

In other news, Director William P. Reid sold 1,900 shares of the companys stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $71.69, for a total transaction of $136,211.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jerry E. Ryan sold 12,000 shares of the companys stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $65.76, for a total value of $789,120.00. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the companys stock.

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Stocks mentioned in the article
ChangeLast1st jan.
EMCOR GROUP INC 0.35% 84.13 Delayed Quote.40.46%
ITAU UNIBANCO HOLDING SA 1.58% 35.38 End-of-day quote.-4.37%
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Financials ($)
Sales 2019 8 616 M
EBIT 2019 436 M
Net income 2019 306 M
Finance 2019 15,2 M
Yield 2019 0,38%
P/E ratio 2019 15,47
P/E ratio 2020 14,65
EV / Sales 2019 0,55x
EV / Sales 2020 0,54x
Capitalization 4 725 M
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 90,5 $
Spread / Average Target 7,4%
EPS Revisions
Managers
NameTitle
Anthony J. Guzzi Chairman, President & Chief Executive Officer
Mark A. Pompa Chief Financial Officer & Executive Vice President
David A. B. Brown Independent Director
Michael Tim Yonker Independent Director
Richard F. Hamm Independent Director
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