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EMCOR Services Northeast, J.C. Higgins, and BTE Raise $20,000 for Local Charities

EMCOR Services Northeast, J.C. Higgins, and BTE Raise $20,000 for Local Charities

Business Wire4 days ago
BOSTON--(BUSINESS WIRE)--Leaders from EMCOR Services Northeast, Inc., J.C. Higgins Corp., and Building Technology Engineers, Inc. (BTE), presented $20,000 in donations to three local charities during the 17th Annual Greater Boston Charity Golf Tournament Invitational at Blue Hill Country Club in Canton, MA.
Paul Feeney, President, EMCOR Services Northeast, Inc.; Bill Dunham, CEO, and Tammy Ferland, President, J.C. Higgins Corp.; and Tom Coates, General Manager and Vice President, BTE, presented donations to the Jimmy Fund, the Alzheimer's Association and the Doug Flutie Jr. Foundation for Autism. The Jimmy Fund received $7,500 to support the Dana-Farber Cancer Institute for patient care and research, the Alzheimer's Association received $7,500 to advance Alzheimer's care and research, and the Doug Flutie Jr. Foundation for Autism received $5,000 to help fund programs and resources for individuals and families affected by autism.
'We are incredibly proud of the success of this year's Invitational, an event which speaks to our core values and commitment to the communities where we work and live,' said Feeney. 'We extend our deepest gratitude to the volunteers, clients, participants and peers who make this annual event possible and thank the Jimmy Fund, the Alzheimer's Association and the Doug Flutie Jr. Foundation for Autism for the important work they do in our community.'
EMCOR Services Northeast, J.C. Higgins, and BTE are leading mechanical services, mechanical construction, and facilities services contractors, respectively, in Greater Boston. They are all subsidiaries of EMCOR Group, Inc.
About EMCOR Services Northeast, J.C. Higgins and BTE
EMCOR Services Northeast is one of the largest independent service contractors in metropolitan Boston and among the nation's top mobile/mechanical services providers. J.C. Higgins is one of New England's largest fully integrated mechanical contracting companies, providing a single-source solution for complete mechanical systems and services. BTE provides a complete range of facilities services, including equipment repair and replacement, preventative and predictive maintenance, and facility/equipment operations. All three companies are subsidiaries of EMCOR Group, Inc., (NYSE:EME), a Fortune 500 ® leader in mechanical and electrical construction, industrial and energy infrastructure, and building services.
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Snap Stock Plunged After Earnings. Buy the Dip?

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This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he'd do it again
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This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he'd do it again

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EQT Corporation's (NYSE:EQT) high institutional ownership speaks for itself as stock continues to impress, up 3.0% over last week
EQT Corporation's (NYSE:EQT) high institutional ownership speaks for itself as stock continues to impress, up 3.0% over last week

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Explore EQT's Fair Values from the Community and select yours Key Insights Significantly high institutional ownership implies EQT's stock price is sensitive to their trading actions A total of 15 investors have a majority stake in the company with 50% ownership Insiders have sold recently AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. A look at the shareholders of EQT Corporation (NYSE:EQT) can tell us which group is most powerful. We can see that institutions own the lion's share in the company with 88% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And last week, institutional investors ended up benefitting the most after the company hit US$33b in market cap. The one-year return on investment is currently 67% and last week's gain would have been more than welcomed. Let's take a closer look to see what the different types of shareholders can tell us about EQT. See our latest analysis for EQT What Does The Institutional Ownership Tell Us About EQT? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that EQT does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at EQT's earnings history below. Of course, the future is what really matters. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. EQT is not owned by hedge funds. The Vanguard Group, Inc. is currently the largest shareholder, with 12% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 7.6% of common stock, and Wellington Management Group LLP holds about 6.9% of the company stock. After doing some more digging, we found that the top 15 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Insider Ownership Of EQT The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own less than 1% of EQT Corporation. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own US$229m worth of shares (at current prices). In this sort of situation, it can be more interesting to see if those insiders have been buying or selling. General Public Ownership The general public-- including retail investors -- own 11% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Next Steps: While it is well worth considering the different groups that own a company, there are other factors that are even more important. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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