California Public Employees Retirement System reduced its stake in shares of Emcor Group Inc (NYSE:EME) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,651 shares of the construction company’s stock after selling 7,110 shares during the quarter. California Public Employees Retirement System’s holdings in Emcor Group were worth $10,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Emcor Group during the 4th quarter worth $25,000. ETF Managers Group LLC raised its stake in Emcor Group by 17.8% in the fourth quarter. ETF Managers Group LLC now owns 1,703 shares of the construction company’s stock valued at $102,000 after buying an additional 257 shares during the last quarter. Ffcm LLC raised its stake in Emcor Group by 1,699.1% in the fourth quarter. Ffcm LLC now owns 2,015 shares of the construction company’s stock valued at $120,000 after buying an additional 1,903 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Emcor Group in the fourth quarter valued at about $142,000. Finally, Starr International Co. Inc. purchased a new stake in Emcor Group in the first quarter valued at about $146,000. Hedge funds and other institutional investors own 94.01% of the company’s stock.

In other news, CFO Mark A. Pompa sold 8,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $80.00, for a total value of $640,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Anthony Guzzi sold 12,314 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $78.07, for a total value of $961,353.98. Following the completion of the transaction, the chairman now owns 394,190 shares of the company’s stock, valued at $30,774,413.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,546 shares of company stock valued at $2,219,188. 1.90% of the stock is currently owned by company insiders.

EME has been the subject of a number of research analyst reports. Maxim Group set a $73.00 price target on Emcor Group and gave the company a “hold” rating in a research note on Friday, April 26th. ValuEngine upgraded Emcor Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Finally, Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research note on Thursday, May 2nd.

Emcor Group stock opened at $80.68 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.36. Emcor Group Inc has a one year low of $57.29 and a one year high of $84.75. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20.

Emcor Group (NYSE:EME) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.23. Emcor Group had a return on equity of 17.18% and a net margin of 3.58%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business posted $0.94 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts predict that Emcor Group Inc will post 5.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, April 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, April 17th. Emcor Group’s dividend payout ratio (DPR) is presently 6.52%.

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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.

Further Reading: Momentum Indicator: Relative Strength Index

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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