Utah Retirement Systems Lowers Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Utah Retirement Systems lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,563 shares of the construction company’s stock after selling 100 shares during the quarter. Utah Retirement Systems’ holdings in EMCOR Group were worth $3,433,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in EMCOR Group in the 4th quarter worth about $45,000. SJS Investment Consulting Inc. lifted its stake in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after acquiring an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after acquiring an additional 25 shares during the last quarter. Altshuler Shaham Ltd grew its stake in shares of EMCOR Group by 2,063.6% in the fourth quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company’s stock worth $108,000 after acquiring an additional 227 shares during the period. Finally, GeoWealth Management LLC raised its holdings in shares of EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company’s stock valued at $115,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 2.9 %

Shares of EME stock opened at $412.43 on Friday. The company has a 50 day simple moving average of $385.79 and a two-hundred day simple moving average of $442.81. The stock has a market cap of $18.58 billion, a P/E ratio of 20.95 and a beta of 1.08. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30.

EMCOR Group (NYSE:EME) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm earned $4.17 EPS. EMCOR Group’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group’s payout ratio is 4.42%.

EMCOR Group announced that its board has approved a share buyback plan on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on EME shares. Stifel Nicolaus cut their target price on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.50.

Insider Buying and Selling at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.

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.