Strs Ohio Trims Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Strs Ohio lessened its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,975 shares of the construction company's stock after selling 4,816 shares during the period. Strs Ohio owned 0.09% of EMCOR Group worth $9,258,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in EMCOR Group by 0.8% during the first quarter. BlackRock Inc. now owns 6,152,648 shares of the construction company's stock worth $1,000,359,000 after buying an additional 47,507 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in EMCOR Group by 2.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,565,326 shares of the construction company's stock worth $579,687,000 after buying an additional 82,360 shares during the last quarter. FMR LLC raised its stake in EMCOR Group by 7.3% during the third quarter. FMR LLC now owns 3,551,683 shares of the construction company's stock worth $747,239,000 after buying an additional 241,920 shares during the last quarter. State Street Corp raised its stake in EMCOR Group by 3.6% during the first quarter. State Street Corp now owns 1,744,930 shares of the construction company's stock worth $196,531,000 after buying an additional 61,165 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in EMCOR Group by 41.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company's stock worth $224,813,000 after buying an additional 310,718 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Activity

In other news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at $70,010,701.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company's stock.

Analyst Ratings Changes

EME has been the subject of a number of analyst reports. KeyCorp began coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a "sector weight" rating for the company. DA Davidson reaffirmed a "buy" rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Stock Down 0.9 %

EME traded down $3.14 during midday trading on Thursday, hitting $336.06. The company had a trading volume of 383,518 shares, compared to its average volume of 415,018. EMCOR Group, Inc. has a 52 week low of $155.14 and a 52 week high of $369.53. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 25.48 and a beta of 1.10. The stock's 50 day moving average price is $315.76 and its 200 day moving average price is $249.38.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.96. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The business's revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.63 earnings per share. Research analysts predict that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a dividend of $0.25 per share. This is a boost from EMCOR Group's previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Monday, April 15th. EMCOR Group's dividend payout ratio (DPR) is currently 7.51%.

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.