Ontario Teachers Pension Plan Board Acquires 2,466 Shares of EMCOR Group, Inc. (NYSE:EME)

Key Points

• The Ontario Teachers Pension Plan Board increased its holdings in EMCOR Group, Inc. by 30.9% during the 1st quarter, owning a total of 10,444 shares valued at approximately $3.86 million at quarter's end.
• EMCOR Group's quarterly earnings surpassed analysts' expectations, reporting $6.72 EPS and $4.30 billion in revenue, leading to an annual revenue increase of 17.4% compared to the previous year.
• Analysts are generally optimistic about EMCOR Group, with a consensus rating of "Moderate Buy" and an average price target of $611.17.

Ontario Teachers Pension Plan Board boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 30.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,444 shares of the construction company's stock after purchasing an additional 2,466 shares during the period. Ontario Teachers Pension Plan Board's holdings in EMCOR Group were worth $3,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EME. Pacer Advisors Inc. lifted its position in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after acquiring an additional 521,147 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of EMCOR Group by 49,775.5% in the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock valued at $138,266,000 after acquiring an additional 373,316 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of EMCOR Group by 94.2% in the fourth quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock valued at $139,349,000 after acquiring an additional 148,915 shares in the last quarter. First Trust Advisors LP lifted its position in shares of EMCOR Group by 35.2% in the fourth quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock valued at $225,332,000 after acquiring an additional 129,186 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of EMCOR Group by 203.0% in the first quarter. Assenagon Asset Management S.A. now owns 185,512 shares of the construction company's stock valued at $68,571,000 after acquiring an additional 124,295 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EME shares. The Goldman Sachs Group boosted their price objective on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday, July 8th. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a research report on Thursday. TD Securities assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Stifel Nicolaus boosted their target price on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Price Performance

Shares of NYSE:EME traded up $0.45 during mid-day trading on Friday, reaching $617.96. The stock had a trading volume of 321,421 shares, compared to its average volume of 379,371. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a market cap of $27.66 billion, a P/E ratio of 25.64 and a beta of 1.27. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The business's 50 day moving average price is $542.98 and its 200 day moving average price is $461.08.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the company earned $5.25 EPS. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 4.15%.

EMCOR Group 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.