Public Employees Retirement System of Ohio Lowers Holdings in EMCOR Group, Inc. (NYSE:EME)

Public Employees Retirement System of Ohio trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,053 shares of the construction company's stock after selling 1,573 shares during the quarter. Public Employees Retirement System of Ohio's holdings in EMCOR Group were worth $9,064,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cumberland Partners Ltd grew its holdings 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 worth $1,722,000 after purchasing an additional 1,500 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company's stock worth $23,473,000 after acquiring an additional 34,553 shares during the last quarter. Independent Advisor Alliance increased its stake in EMCOR Group by 25.0% in the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock valued at $2,261,000 after acquiring an additional 1,049 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in EMCOR Group by 46.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company's stock valued at $28,874,000 after purchasing an additional 21,385 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new stake in EMCOR Group during the third quarter worth about $8,352,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EME shares. The Goldman Sachs Group initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective on the stock. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 price target for the company. Finally, Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $518.75.

EMCOR Group Stock Down 0.2 %

Shares of NYSE:EME traded down $1.20 during midday trading on Friday, hitting $479.05. 266,106 shares of the stock traded hands, compared to its average volume of 431,388. The business's 50 day moving average is $478.06 and its two-hundred day moving average is $414.17. The stock has a market capitalization of $22.04 billion, a PE ratio of 24.34 and a beta of 1.09. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $532.38.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates 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 was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.61 earnings per share. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's payout ratio is currently 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.