Oregon Public Employees Retirement Fund Decreases Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Oregon Public Employees Retirement Fund trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,390 shares of the construction company’s stock after selling 128 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in EMCOR Group were worth $4,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EME. True Wealth Design LLC increased 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 valued at $46,000 after acquiring an additional 104 shares during the last quarter. SJS Investment Consulting Inc. increased its position in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after buying an additional 94 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in EMCOR Group in the third quarter worth $55,000. Harbor Capital Advisors Inc. purchased a new stake in EMCOR Group in the third quarter worth $62,000. Finally, Rakuten Securities Inc. increased its position in EMCOR Group by 4,025.0% in the third quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock worth $71,000 after buying an additional 161 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

NYSE:EME opened at $420.92 on Thursday. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 21.38 and a beta of 1.11. EMCOR Group, Inc. has a 52-week low of $272.29 and a 52-week high of $545.29. The stock has a fifty day moving average of $461.63 and a 200 day moving average of $448.68.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.24%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EME. Stifel Nicolaus began coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

About EMCOR Group

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.