Illinois Municipal Retirement Fund Sells 2,150 Shares of EMCOR Group, Inc. (NYSE:EME)

Illinois Municipal Retirement Fund lowered its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,553 shares of the construction company's stock after selling 2,150 shares during the period. Illinois Municipal Retirement Fund owned about 0.11% of EMCOR Group worth $22,038,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Koshinski Asset Management Inc. increased its stake in shares of EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock valued at $298,000 after buying an additional 26 shares during the period. Cumberland Partners Ltd raised its stake in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company's stock valued at $1,722,000 after acquiring an additional 1,500 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of EMCOR Group by 3,510.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock worth $311,000 after purchasing an additional 667 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of EMCOR Group by 173.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company's stock worth $23,473,000 after purchasing an additional 34,553 shares during the period. Finally, Independent Advisor Alliance grew its stake in shares of EMCOR Group by 25.0% in the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock worth $2,261,000 after purchasing an additional 1,049 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Northcoast Research initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a "buy" rating and a $600.00 target price on the stock. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price for the company. Finally, Stifel Nicolaus lowered their price target on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Stock Performance

Shares of NYSE:EME traded up $5.62 during midday trading on Friday, reaching $408.33. The company's stock had a trading volume of 676,820 shares, compared to its average volume of 516,408. The firm has a 50 day moving average price of $459.53 and a two-hundred day moving average price of $448.17. EMCOR Group, Inc. has a fifty-two week low of $305.89 and a fifty-two week high of $545.29. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 20.74 and a beta of 1.11.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.53 by $0.79. The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is currently 5.08%.

About EMCOR Group

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.