Emcor Group (EME) Stock Price Declined While Blackrock Lifted Its Stake; First Dallas Securities Has Lowered Holding in United States Steel (X) as Stock Declined

August 10, 2018 - By Margaret Staats

United States Steel Corporation (NYSE:X) Logo

First Dallas Securities Inc decreased its stake in United States Steel Corp (X) by 34.93% based on its latest 2018Q1 regulatory filing with the SEC. First Dallas Securities Inc sold 14,798 shares as the company’s stock declined 20.24% with the market. The institutional investor held 27,565 shares of the steel and iron ore company at the end of 2018Q1, valued at $970,000, down from 42,363 at the end of the previous reported quarter. First Dallas Securities Inc who had been investing in United States Steel Corp for a number of months, seems to be less bullish one the $5.36 billion market cap company. The stock decreased 1.66% or $0.51 during the last trading session, reaching $30.26. About 8.36 million shares traded. United States Steel Corporation (NYSE:X) has risen 74.77% since August 10, 2017 and is uptrending. It has outperformed by 62.20% the S&P500. Some Historical X News: 26/04/2018 – UNITED STATES STEEL CORP X.N SETS DIVIDEND OF $0.05/SHR; 13/03/2018 – UNITED STATES STEEL CORP – NOTES WERE ISSUED AT A PRICE EQUAL TO 100% OF THEIR FACE VALUE; 26/04/2018 – US Steel 1Q EPS 10c; 07/03/2018 – UNITED STATES STEEL – WILL RESTART ONE OF TWO BLAST FURNACES AND STEELMAKING FACILITIES AT ITS GRANITE CITY WORKS PLANT; 13/03/2018 – U.S. Steel: $780M 8.375% Senior Secured Notes Due 2021 Outstanding; 02/04/2018 – UNITED STATES STEEL – MIDWEST PLANT TO UNDERTAKE MEASURES TO IMPROVE OPERATIONS, MINIMIZING POSSIBILITY FOR REOCCURRENCE OF INCIDENTS; 12/03/2018 – US Steel Sees 1Q Ebitda $250M; 20/03/2018 – United States Steel Corp Announces Results of Tender Offer for Any and All of Its 8.375% Senior Secured Notes Due 2021; 05/03/2018 – U.S. Steel: McNeal, Stevens Notified Company of Decisions on March 1, March 2, Respectively; 26/04/2018 – U.S. STEEL 1Q ADJ EPS 32C, EST. 29C

Blackrock Inc increased its stake in Emcor Group Inc (EME) by 2.73% based on its latest 2018Q1 regulatory filing with the SEC. Blackrock Inc bought 167,032 shares as the company’s stock declined 1.21% with the market. The institutional investor held 6.28 million shares of the capital goods company at the end of 2018Q1, valued at $489.47 million, up from 6.11M at the end of the previous reported quarter. Blackrock Inc who had been investing in Emcor Group Inc for a number of months, seems to be bullish on the $4.51B market cap company. The stock decreased 0.87% or $0.68 during the last trading session, reaching $77.44. About 139,974 shares traded. EMCOR Group, Inc. (NYSE:EME) has risen 19.45% since August 10, 2017 and is uptrending. It has outperformed by 6.88% the S&P500. Some Historical EME News: 05/04/2018 – Emcor Closes Above 50-Day Moving Average: Technicals; 26/04/2018 – EMCOR 1Q EPS 94c; 06/03/2018 CEO Guzzi Gifts 350 Of EMCOR Group Inc; 26/04/2018 – Emcor Closes Below 50-Day Moving Average: Technicals; 26/04/2018 – EMCOR Backlog as of March 31 Was $3.95B; 09/05/2018 – CEO Guzzi Gifts 425 Of EMCOR Group Inc; 16/05/2018 – Emcor Closes Above 200-Day Moving Average: Technicals; 26/04/2018 – EMCOR 1Q Net $55.7M; 26/04/2018 – EMCOR Sees FY18 EPS $4.10-EPS $4.70; 20/03/2018 – CFO Pompa Gifts 600 Of EMCOR Group Inc

Blackrock Inc, which manages about $2091.89 billion US Long portfolio, decreased its stake in Vmware Inc (NYSE:VMW) by 1.15M shares to 4.33 million shares, valued at $524.74 million in 2018Q1, according to the filing. It also reduced its holding in Avis Budget Group (Put) (NASDAQ:CAR) by 8.03 million shares in the quarter, leaving it with 40,000 shares, and cut its stake in Intersect Ent Inc (NASDAQ:XENT).

Among 4 analysts covering EMCOR Group (NYSE:EME), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. EMCOR Group had 16 analyst reports since October 14, 2015 according to SRatingsIntel. DA Davidson downgraded the stock to “Neutral” rating in Friday, February 26 report. As per Friday, October 28, the company rating was maintained by Stifel Nicolaus. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, November 15 report. KeyBanc Capital Markets maintained the shares of EME in report on Thursday, October 5 with “Hold” rating. Stifel Nicolaus maintained the shares of EME in report on Monday, May 2 with “Buy” rating. KeyBanc Capital Markets maintained EMCOR Group, Inc. (NYSE:EME) on Tuesday, August 22 with “Hold” rating. The rating was initiated by Macquarie Research with “Neutral” on Friday, January 13. On Tuesday, February 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, September 20. The stock has “Buy” rating by Stifel Nicolaus on Friday, February 24.

Another recent and important EMCOR Group, Inc. (NYSE:EME) news was published by Seekingalpha.com which published an article titled: “EMCOR Group, Inc. (EME) Q2 2018 Results – Earnings Call Transcript” on July 26, 2018.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.19, from 1.14 in 2017Q4. It worsened, as 25 investors sold EME shares while 107 reduced holdings. 36 funds opened positions while 89 raised stakes. 52.59 million shares or 1.43% less from 53.35 million shares in 2017Q4 were reported. Panagora Asset has invested 0.09% in EMCOR Group, Inc. (NYSE:EME). Benjamin F Edwards reported 0.03% stake. First Citizens State Bank & Tru stated it has 5,482 shares or 0.06% of all its holdings. Eagle Glob Limited Liability Company owns 86,322 shares. 15,739 are owned by Commonwealth Of Pennsylvania Pub School Empls Retrmt. Jacobs Levy Equity reported 0.42% stake. Victory Capital Management holds 0.35% of its portfolio in EMCOR Group, Inc. (NYSE:EME) for 2.05M shares. Ny State Common Retirement Fund reported 265,841 shares or 0.03% of all its holdings. Vident Advisory Ltd Company reported 43,464 shares or 0.14% of all its holdings. Deutsche Bancshares Ag has 0.01% invested in EMCOR Group, Inc. (NYSE:EME). Point72 Asia (Hong Kong) has 0.05% invested in EMCOR Group, Inc. (NYSE:EME). Arizona State Retirement Sys has 0.03% invested in EMCOR Group, Inc. (NYSE:EME). 4,400 are owned by Oakbrook Invests Ltd Limited Liability Company. The California-based Clarivest Asset Mgmt Limited Liability has invested 0.18% in EMCOR Group, Inc. (NYSE:EME). New Mexico Educational Retirement Board has 0.05% invested in EMCOR Group, Inc. (NYSE:EME) for 16,200 shares.

Among 25 analysts covering United States Steel Corporation (NYSE:X), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. United States Steel Corporation had 117 analyst reports since July 30, 2015 according to SRatingsIntel. As per Thursday, November 2, the company rating was upgraded by Cowen & Co. The firm has “Buy” rating given on Wednesday, October 4 by Jefferies. As per Monday, February 6, the company rating was upgraded by Argus Research. The firm has “Neutral” rating by Bank of America given on Friday, March 2. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, May 30. On Wednesday, June 8 the stock rating was maintained by Credit Suisse with “Outperform”. Credit Suisse maintained the shares of X in report on Thursday, March 8 with “Outperform” rating. The firm has “Hold” rating by Cowen & Co given on Thursday, February 1. The firm has “Neutral” rating given on Wednesday, March 9 by Nomura. The firm has “Buy” rating by J.P. Morgan given on Monday, April 30.

Analysts await United States Steel Corporation (NYSE:X) to report earnings on October, 30. They expect $1.89 EPS, up 105.43% or $0.97 from last year’s $0.92 per share. X’s profit will be $334.97 million for 4.00 P/E if the $1.89 EPS becomes a reality. After $1.46 actual EPS reported by United States Steel Corporation for the previous quarter, Wall Street now forecasts 29.45% EPS growth.

EMCOR Group, Inc. (NYSE:EME) Institutional Positions Chart

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