Public Employees Retirement System of Ohio Sells 1,573 Shares of EMCOR Group, Inc. (NYSE:EME)

Public Employees Retirement System of Ohio decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,053 shares of the construction company’s stock after selling 1,573 shares during the period. Public Employees Retirement System of Ohio’s holdings in EMCOR Group were worth $9,064,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EME. Proffitt & Goodson Inc. acquired a new position in shares of EMCOR Group during the 2nd quarter worth about $27,000. Innealta Capital LLC bought a new position in EMCOR Group in the second quarter valued at approximately $29,000. ORG Partners LLC bought a new position in EMCOR Group in the second quarter valued at approximately $31,000. ORG Wealth Partners LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $33,000. Finally, Anchor Investment Management LLC raised its stake in shares of EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EME shares. Northcoast Research began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. Stifel Nicolaus started coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Price Performance

Shares of EME opened at $480.33 on Friday. The company’s 50-day moving average is $478.06 and its 200-day moving average is $414.17. The firm has a market capitalization of $22.10 billion, a PE ratio of 24.39 and a beta of 1.09. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $532.38.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.61 earnings per share. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

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.