Teachers Retirement System of The State of Kentucky Has $3.41 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Teachers Retirement System of The State of Kentucky lowered its stake in EMCOR Group, Inc. (NYSE:EME) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,827 shares of the construction company’s stock after selling 700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in EMCOR Group were worth $3,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UBS Group AG grew its holdings in EMCOR Group by 59.7% during the third quarter. UBS Group AG now owns 90,824 shares of the construction company’s stock worth $19,108,000 after purchasing an additional 33,947 shares during the period. Blair William & Co. IL bought a new position in EMCOR Group during the third quarter worth about $248,000. Paralel Advisors LLC grew its holdings in EMCOR Group by 1.2% during the third quarter. Paralel Advisors LLC now owns 11,763 shares of the construction company’s stock worth $2,475,000 after purchasing an additional 135 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in EMCOR Group by 21.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 17,732 shares of the construction company’s stock worth $3,755,000 after purchasing an additional 3,160 shares during the period. Finally, QRG Capital Management Inc. bought a new position in EMCOR Group during the third quarter worth about $444,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EMCOR Group stock opened at $386.00 on Wednesday. EMCOR Group, Inc. has a 52 week low of $173.24 and a 52 week high of $401.98. The stock has a market capitalization of $18.14 billion, a P/E ratio of 25.46 and a beta of 1.08. The stock has a 50-day simple moving average of $370.01 and a 200 day simple moving average of $300.96.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. The company had revenue of $3.43 billion during the quarter. Research analysts forecast that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s payout ratio is currently 6.60%.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a report on Friday, March 22nd.

Insider Transactions at EMCOR Group

In other news, Director Carol P. Lowe sold 1,245 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the completion of the sale, the director now owns 16,807 shares in the company, valued at $6,289,683.61. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

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.