Healthcare of Ontario Pension Plan Trust Fund Has $6.66 Million Stock Position in EMCOR Group, Inc. $EME

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 409.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,017 shares of the construction company’s stock after purchasing an additional 7,248 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in EMCOR Group were worth $6,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of EMCOR Group in the 1st quarter valued at about $443,000. Public Employees Retirement System of Ohio raised its stake in shares of EMCOR Group by 26.6% during the first quarter. Public Employees Retirement System of Ohio now owns 25,085 shares of the construction company’s stock worth $18,521,000 after buying an additional 5,265 shares during the last quarter. Modern Wealth Management LLC raised its stake in shares of EMCOR Group by 11.5% during the first quarter. Modern Wealth Management LLC now owns 427 shares of the construction company’s stock worth $325,000 after buying an additional 44 shares during the last quarter. Greenline Wealth Management LLC lifted its holdings in EMCOR Group by 18.9% in the first quarter. Greenline Wealth Management LLC now owns 277 shares of the construction company’s stock valued at $204,000 after buying an additional 44 shares during the period. Finally, Bank of Nova Scotia boosted its stake in EMCOR Group by 154.9% in the first quarter. Bank of Nova Scotia now owns 37,362 shares of the construction company’s stock valued at $27,585,000 after acquiring an additional 22,707 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director William P. Reid sold 2,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the sale, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carol P. Lowe sold 950 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EME shares. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research note on Thursday, April 30th. Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 target price on shares of EMCOR Group in a report on Tuesday, June 16th. Oppenheimer began coverage on EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price for the company. Finally, Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $871.25.

EMCOR Group Stock Down 4.8%

Shares of NYSE:EME opened at $671.68 on Thursday. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The company’s fifty day simple moving average is $803.03 and its 200 day simple moving average is $786.60. The firm has a market cap of $29.85 billion, a price-to-earnings ratio of 22.53 and a beta of 1.13.

EMCOR Group (NYSE:EME) last announced its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the business earned $5.41 EPS. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. Research analysts expect that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.37%.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.