Institutional investors boosted stakes in EMCOR Group after its earnings surpassed analysts' expectations.
Mesirow Financial and other institutional investors have increased their stakes in EMCOR Group, a construction and facilities services company, following its strong earnings report that surpassed analysts' expectations. EMCOR reported $6.32 EPS, topping forecasts by $0.79, and announced a $500 million share repurchase plan. Despite slightly missing revenue targets, the company's stock is held 92.59% by institutional investors, with a mix of "buy" and "sell" ratings from analysts.
5 weeks ago
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