EMCOR Group, Inc. (NYSE:EME) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in EMCOR Group, Inc. (NYSE:EME) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,448 shares of the construction company’s stock after selling 1,447 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in EMCOR Group were worth $7,861,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of EMCOR Group in the 1st quarter worth approximately $28,000. Allworth Financial LP lifted its holdings in shares of EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after purchasing an additional 62 shares during the last quarter. Independence Bank of Kentucky bought a new stake in shares of EMCOR Group in the 1st quarter worth approximately $33,000. Evermay Wealth Management LLC bought a new stake in shares of EMCOR Group in the 4th quarter worth approximately $39,000. Finally, Rise Advisors LLC bought a new stake in shares of EMCOR Group in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.6 %

EMCOR Group stock traded up $2.17 during mid-day trading on Tuesday, hitting $365.04. 12,087 shares of the company’s stock traded hands, compared to its average volume of 469,421. The firm has a 50 day moving average price of $376.29 and a 200 day moving average price of $332.59. The company has a market cap of $17.03 billion, a PE ratio of 23.93 and a beta of 1.06. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $401.98.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, beating the consensus estimate of $3.76 by $1.49. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.52 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 EPS. On average, analysts expect that EMCOR Group, Inc. will post 19.5 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Monday, July 15th. EMCOR Group’s payout ratio is currently 6.60%.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday.

Insider Transactions at EMCOR Group

In related news, Director Carol P. Lowe sold 1,245 shares of EMCOR Group stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total value of $465,916.35. Following the transaction, the director now directly owns 16,807 shares in the company, valued at approximately $6,289,683.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.26% of the company’s stock.

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.