Ontario Teachers Pension Plan Board Has $2.04 Million Position in EMCOR Group, Inc. (NYSE:EME)

Ontario Teachers Pension Plan Board decreased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 68.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,742 shares of the construction company's stock after selling 10,435 shares during the period. Ontario Teachers Pension Plan Board's holdings in EMCOR Group were worth $2,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in shares of EMCOR Group by 13.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company's stock valued at $101,000 after buying an additional 27 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of EMCOR Group by 14.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 28,506 shares of the construction company's stock worth $12,273,000 after acquiring an additional 3,557 shares in the last quarter. Commerce Bank increased its holdings in shares of EMCOR Group by 225.0% during the 3rd quarter. Commerce Bank now owns 10,141 shares of the construction company's stock valued at $4,366,000 after acquiring an additional 7,021 shares during the last quarter. Strategy Asset Managers LLC bought a new position in shares of EMCOR Group in the 3rd quarter valued at approximately $382,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of EMCOR Group in the third quarter worth $55,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EME. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. DA Davidson raised their target price on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a report on Friday, July 26th. Finally, Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They issued a "buy" rating and a $600.00 price target on the stock.

EMCOR Group Stock Performance

Shares of NYSE:EME traded up $1.82 on Wednesday, hitting $515.82. 436,987 shares of the company were exchanged, compared to its average volume of 434,955. The company's 50 day moving average price is $449.43 and its two-hundred day moving average price is $400.01. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 26.10 and a beta of 1.07. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $525.31.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $3.61 earnings per share. Research analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Tuesday, October 15th. EMCOR Group's dividend payout ratio is 5.08%.

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.