Swiss National Bank Reduces Stock Position in EMCOR Group, Inc. (NYSE:EME)

Swiss National Bank decreased its position in shares of EMCOR Group, Inc. (NYSE:EMEGet Rating) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 124,100 shares of the construction company’s stock after selling 2,100 shares during the period. Swiss National Bank’s holdings in EMCOR Group were worth $12,777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation N.A. acquired a new position in EMCOR Group during the first quarter worth $26,000. Parkside Financial Bank & Trust raised its stake in shares of EMCOR Group by 66.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of EMCOR Group by 212.1% in the 2nd quarter. Parallel Advisors LLC now owns 284 shares of the construction company’s stock worth $29,000 after buying an additional 193 shares in the last quarter. First Horizon Advisors Inc. grew its stake in EMCOR Group by 4,828.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the construction company’s stock valued at $35,000 after acquiring an additional 338 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in EMCOR Group during the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 94.08% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME opened at $155.33 on Friday. EMCOR Group, Inc. has a 1 year low of $95.64 and a 1 year high of $155.54. The company’s 50 day simple moving average is $129.89 and its 200 day simple moving average is $116.18. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 20.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.28.

Wall Street Analyst Weigh In

Several analysts have recently commented on EME shares. DA Davidson increased their price target on shares of EMCOR Group to $165.00 in a research report on Tuesday, November 1st. KeyCorp increased their target price on EMCOR Group from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 4th. Finally, StockNews.com began coverage on EMCOR Group in a report on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

Insiders Place Their Bets

In other news, EVP Maxine Lum Mauricio sold 5,000 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $141.59, for a total transaction of $707,950.00. Following the sale, the executive vice president now owns 27,369 shares in the company, valued at $3,875,176.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Maxine Lum Mauricio sold 5,000 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $141.59, for a total transaction of $707,950.00. Following the completion of the transaction, the executive vice president now owns 27,369 shares of the company’s stock, valued at approximately $3,875,176.71. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anthony Guzzi sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $125.00, for a total transaction of $937,500.00. Following the completion of the sale, the chief executive officer now directly owns 276,427 shares in the company, valued at $34,553,375. The disclosure for this sale can be found here. In the last three months, insiders sold 35,000 shares of company stock valued at $4,632,950. Company insiders own 1.70% of the company’s stock.

EMCOR Group Profile

(Get Rating)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.

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

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