Retirement Systems of Alabama Increases Position in EMCOR Group, Inc. (NYSE:EME)


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Retirement Systems of Alabama grew its stake in EMCOR Group, Inc. (NYSE:EME) by 0.3% during the first quarter, HoldingsChannel reports. The fund owned 162,229 shares of the construction company’s stock after acquiring an additional 532 shares during the quarter. Retirement Systems of Alabama’s holdings in EMCOR Group were worth $18,196,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in shares of EMCOR Group by 3.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company’s stock valued at $1,593,000 after acquiring an additional 500 shares during the period. First National Bank of Hutchinson grew its stake in EMCOR Group by 84.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,438 shares of the construction company’s stock valued at $498,000 after purchasing an additional 2,032 shares during the last quarter. Carnegie Capital Asset Management LLC purchased a new stake in EMCOR Group during the 1st quarter valued at about $202,000. Canandaigua National Corp acquired a new position in shares of EMCOR Group in the 1st quarter valued at about $214,000. Finally, HM Payson & Co. lifted its holdings in shares of EMCOR Group by 36.4% in the 4th quarter. HM Payson & Co. now owns 750 shares of the construction company’s stock valued at $69,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

EME stock opened at $118.03 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 1.44. The business has a 50 day simple moving average of $112.25 and a 200-day simple moving average of $92.73. The firm has a market capitalization of $6.47 billion, a PE ratio of 47.59 and a beta of 1.18. EMCOR Group, Inc. has a 1 year low of $52.94 and a 1 year high of $120.97.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, February 25th. The construction company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.43. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.20 billion. EMCOR Group had a return on equity of 16.86% and a net margin of 1.57%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 earnings per share. On average, equities research analysts expect that EMCOR Group, Inc. will post 5.97 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Friday, April 16th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.44%. EMCOR Group’s dividend payout ratio (DPR) is presently 9.04%.

In other EMCOR Group news, CEO Anthony Guzzi sold 25,000 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $114.16, for a total transaction of $2,854,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William P. Reid sold 2,000 shares of the company’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $114.28, for a total value of $228,560.00. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on EME. DA Davidson upped their price target on EMCOR Group from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, December 23rd. Sidoti cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $102.00 target price for the company. in a report on Thursday, January 21st. Three investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.25.

EMCOR Group Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, food processing, and mining industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, and fiber optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; fire protection 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.

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

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