Ontario Teachers Pension Plan Board Purchases 3,236 Shares of EMCOR Group, Inc. (NYSE:EME)

Ontario Teachers Pension Plan Board increased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 68.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,978 shares of the construction company's stock after purchasing an additional 3,236 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in EMCOR Group were worth $3,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Summit Securities Group LLC purchased a new position in EMCOR Group during the 4th quarter valued at about $45,000. SJS Investment Consulting Inc. boosted its position in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after purchasing an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in EMCOR Group by 14.4% in the 4th 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 last quarter. Physician Wealth Advisors Inc. bought a new position in shares of EMCOR Group in the fourth quarter worth about $126,000. Finally, Whittier Trust Co. lifted its holdings in shares of EMCOR Group by 40.2% during the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock worth $127,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

EME traded down $3.79 during mid-day trading on Friday, reaching $378.61. The stock had a trading volume of 359,200 shares, compared to its average volume of 464,939. The stock has a market capitalization of $17.22 billion, a P/E ratio of 19.23 and a beta of 1.08. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30. The firm's fifty day simple moving average is $390.41 and its two-hundred day simple moving average is $445.69.

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 the consensus estimate of $5.53 by $0.79. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, April 17th. EMCOR Group's payout ratio is presently 4.64%.

Insider Buying and Selling

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares of the company's stock, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $497.25.

EMCOR Group 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.