Ontario Teachers Pension Plan Board Takes $757,000 Position in Emcor Group Inc (NYSE:EME)

Ontario Teachers Pension Plan Board acquired a new stake in Emcor Group Inc (NYSE:EME) in the first quarter, Holdings Channel reports. The institutional investor acquired 12,353 shares of the construction company’s stock, valued at approximately $757,000.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Emcor Group by 6.1% in the 1st quarter. BlackRock Inc. now owns 7,062,462 shares of the construction company’s stock valued at $433,069,000 after purchasing an additional 408,562 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Emcor Group by 4.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,540,738 shares of the construction company’s stock valued at $94,478,000 after purchasing an additional 66,982 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Emcor Group by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 1,218,970 shares of the construction company’s stock valued at $105,197,000 after purchasing an additional 69,545 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Emcor Group by 11.9% in the 4th quarter. AQR Capital Management LLC now owns 1,152,676 shares of the construction company’s stock valued at $99,476,000 after purchasing an additional 122,222 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Emcor Group by 31.0% in the 1st quarter. TimesSquare Capital Management LLC now owns 952,548 shares of the construction company’s stock valued at $58,410,000 after purchasing an additional 225,253 shares in the last quarter. 92.91% of the stock is owned by institutional investors.

NYSE:EME opened at $62.06 on Friday. The company has a fifty day moving average of $60.65 and a 200 day moving average of $76.80. Emcor Group Inc has a 52 week low of $41.85 and a 52 week high of $93.54. The company has a quick ratio of 1.48, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3.49 billion, a P/E ratio of 10.64 and a beta of 1.02.

Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.35 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.35. Emcor Group had a net margin of 3.53% and a return on equity of 16.51%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the business earned $1.28 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Emcor Group Inc will post 3.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 17th were issued a $0.08 dividend. The ex-dividend date was Thursday, April 16th. This represents a $0.32 annualized dividend and a yield of 0.52%. Emcor Group’s dividend payout ratio (DPR) is presently 5.57%.

In related news, Director John W. Altmeyer acquired 1,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $58.52 per share, for a total transaction of $58,520.00. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

EME has been the subject of a number of research reports. DA Davidson cut shares of Emcor Group from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Friday, May 1st. ValuEngine lowered shares of Emcor Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 8th. Maxim Group reiterated a “hold” rating and set a $60.00 price target on shares of Emcor Group in a report on Wednesday, April 22nd. Finally, TheStreet lowered shares of Emcor Group from a “b-” rating to a “c+” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $75.00.

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

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