Calamos Advisors LLC Sells 270 Shares of EMCOR Group, Inc. (NYSE:EME)

Calamos Advisors LLC trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 10.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,225 shares of the construction company’s stock after selling 270 shares during the quarter. Calamos Advisors LLC’s holdings in EMCOR Group were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EME. World Investment Advisors LLC bought a new stake in EMCOR Group during the third quarter worth about $100,282,000. Nordea Investment Management AB lifted its holdings in shares of EMCOR Group by 2,246.2% during the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after acquiring an additional 136,501 shares during the period. Swedbank AB lifted its holdings in shares of EMCOR Group by 399.4% during the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock worth $69,648,000 after acquiring an additional 122,716 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of EMCOR Group by 45.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock worth $121,871,000 after acquiring an additional 88,074 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $31,140,000. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

NYSE:EME opened at $456.92 on Thursday. The company has a market cap of $21.02 billion, a PE ratio of 23.21 and a beta of 1.11. The firm’s 50 day simple moving average is $479.39 and its 200 day simple moving average is $440.98. EMCOR Group, Inc. has a one year low of $232.92 and a one year high of $545.29.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

About EMCOR Group

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.