EMCOR Group, Inc. (NYSE:EME) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,280 shares of the construction company's stock after purchasing an additional 31,659 shares during the period. JPMorgan Chase & Co. owned 0.53% of EMCOR Group worth $104,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new position in EMCOR Group during the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC grew its position in shares of EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock worth $39,000 after acquiring an additional 50 shares during the last quarter. True Wealth Design LLC grew its position in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after acquiring an additional 104 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group in the 3rd quarter valued at $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in EMCOR Group in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective on the stock. Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price target on the stock. The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective for the company. Finally, StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.

EMCOR Group Stock Up 0.8 %

Shares of EMCOR Group stock traded up $3.73 during trading on Thursday, reaching $457.63. The company's stock had a trading volume of 308,516 shares, compared to its average volume of 427,940. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $532.38. The business has a 50 day moving average price of $483.48 and a 200-day moving average price of $422.71. The company has a market capitalization of $21.05 billion, a P/E ratio of 23.24 and a beta of 1.09.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter last year, the business earned $3.61 earnings per share. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. Research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; 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.