Public Employees Retirement System of Ohio Sells 1,444 Shares of EMCOR Group, Inc. (NYSE:EME)

Public Employees Retirement System of Ohio lessened its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,609 shares of the construction company's stock after selling 1,444 shares during the quarter. Public Employees Retirement System of Ohio's holdings in EMCOR Group were worth $8,901,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in EMCOR Group by 108.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock valued at $7,439,000 after buying an additional 8,545 shares during the period. Mutual Advisors LLC lifted its stake in EMCOR Group by 14.1% in the fourth quarter. Mutual Advisors LLC now owns 909 shares of the construction company's stock valued at $413,000 after buying an additional 112 shares during the period. Exchange Traded Concepts LLC lifted its stake in EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company's stock valued at $521,000 after buying an additional 21 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in EMCOR Group by 5.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,067 shares of the construction company's stock valued at $2,300,000 after buying an additional 255 shares during the period. Finally, Peak Financial Management Inc. acquired a new position in EMCOR Group in the fourth quarter valued at about $204,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on EME shares. Stifel Nicolaus cut their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $494.50.

Insider Buying and Selling

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at $10,229,474.94. This trade represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the sale, the director now directly owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,197 shares of company stock worth $3,905,748. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $2.94 during trading hours on Friday, hitting $471.20. The company's stock had a trading volume of 807,378 shares, compared to its average volume of 455,944. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The stock has a 50 day moving average of $413.49 and a 200 day moving average of $441.77. The company has a market capitalization of $21.09 billion, a PE ratio of 23.93 and a beta of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.17 earnings per share. Equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group's payout ratio is presently 4.42%.

EMCOR Group announced that its board has initiated a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.