Retirement Systems of Alabama lessened its position in Emcor Group Inc (NYSE:EME) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,480 shares of the construction company’s stock after selling 1,742 shares during the period. Retirement Systems of Alabama owned 0.26% of Emcor Group worth $10,778,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Emcor Group in the 4th quarter worth $25,000. ETF Managers Group LLC grew its holdings in Emcor Group by 17.8% in the 4th quarter. ETF Managers Group LLC now owns 1,703 shares of the construction company’s stock worth $102,000 after acquiring an additional 257 shares during the last quarter. Ffcm LLC grew its holdings in Emcor Group by 1,699.1% in the 4th quarter. Ffcm LLC now owns 2,015 shares of the construction company’s stock worth $120,000 after acquiring an additional 1,903 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in Emcor Group in the 4th quarter worth $142,000. Finally, Quantamental Technologies LLC bought a new stake in Emcor Group in the 4th quarter worth $167,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on EME shares. Zacks Investment Research lowered shares of Emcor Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Maxim Group reissued a “hold” rating and issued a $73.00 price target (up previously from $68.00) on shares of Emcor Group in a report on Wednesday, March 6th. Finally, ValuEngine raised shares of Emcor Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.
Shares of EME opened at $79.56 on Friday. The stock has a market cap of $4.46 billion, a PE ratio of 16.20, a P/E/G ratio of 1.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.35 and a current ratio of 1.38. Emcor Group Inc has a 1-year low of $57.29 and a 1-year high of $82.04.
Emcor Group (NYSE:EME) last announced its earnings results on Thursday, February 21st. The construction company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.05 billion. Emcor Group had a net margin of 3.49% and a return on equity of 16.51%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 EPS. Research analysts expect that Emcor Group Inc will post 5.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, April 18th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, April 17th. Emcor Group’s payout ratio is 6.52%.
In other news, CEO Anthony Guzzi sold 1,000 shares of Emcor Group stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.
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Emcor Group Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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