Strs Ohio Sells 4,816 Shares of EMCOR Group, Inc. (NYSE:EME)

Strs Ohio lowered its position in EMCOR Group, Inc. (NYSE:EME) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,975 shares of the construction company’s stock after selling 4,816 shares during the period. Strs Ohio’s holdings in EMCOR Group were worth $9,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB grew its stake in EMCOR Group by 10.7% in the 4th quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock valued at $21,880,000 after purchasing an additional 9,752 shares during the period. Asset Management One Co. Ltd. bought a new position in EMCOR Group during the fourth quarter valued at about $992,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in EMCOR Group by 1.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,308 shares of the construction company’s stock worth $56,078,000 after buying an additional 2,880 shares during the last quarter. FMR LLC raised its position in EMCOR Group by 7.3% in the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock worth $747,239,000 after acquiring an additional 241,920 shares during the period. Finally, Earnest Partners LLC purchased a new position in EMCOR Group in the third quarter valued at about $2,212,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 1.8 %

Shares of NYSE:EME opened at $339.15 on Thursday. The firm has a market capitalization of $15.96 billion, a PE ratio of 25.48 and a beta of 1.10. The company has a 50-day moving average price of $313.75 and a two-hundred day moving average price of $248.75. EMCOR Group, Inc. has a twelve month low of $155.14 and a twelve month high of $369.53.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, topping the consensus estimate of $3.51 by $0.96. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period last year, the firm earned $2.63 EPS. EMCOR Group’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts anticipate that EMCOR Group, Inc. will post 14.5 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.29%. EMCOR Group’s dividend payout ratio is 7.51%.

Insiders Place Their Bets

In other news, CEO Anthony Guzzi sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the sale, 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 document filed with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd. KeyCorp assumed coverage on EMCOR Group in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company.

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.