Teachers Retirement System of The State of Kentucky Sells 720 Shares of EMCOR Group, Inc. (NYSE:EME)

Teachers Retirement System of The State of Kentucky lessened its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,697 shares of the construction company's stock after selling 720 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in EMCOR Group were worth $6,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in EMCOR Group in the fourth quarter valued at about $45,000. SJS Investment Consulting Inc. boosted its holdings in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after purchasing an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after buying an additional 25 shares during the period. Altshuler Shaham Ltd grew its holdings in shares of EMCOR Group by 2,063.6% during the fourth quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock worth $108,000 after purchasing an additional 227 shares in the last quarter. Finally, GeoWealth Management LLC grew its stake in EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after buying an additional 28 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EME has been the topic of a number of analyst reports. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus target price of $497.25.

EMCOR Group Trading Up 4.3 %

NYSE:EME traded up $16.61 on Thursday, reaching $400.74. 331,792 shares of the stock traded hands, compared to its average volume of 463,610. The company's fifty day simple moving average is $387.08 and its 200 day simple moving average is $444.36. The company has a market capitalization of $18.22 billion, a price-to-earnings ratio of 20.35 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, topping analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. Equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. EMCOR Group's dividend payout ratio is presently 4.64%.

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

Insider Buying and Selling at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $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 can be accessed through this link. Company 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.