EMCOR Group, Inc. (NYSE:EME) Stock Holdings Cut by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of EMCOR Group, Inc. (NYSE:EME) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,501 shares of the construction company’s stock after selling 2,456 shares during the quarter. New York State Common Retirement Fund owned about 0.18% of EMCOR Group worth $36,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its holdings in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group in the 3rd quarter worth $55,000. Harbor Capital Advisors Inc. acquired a new position in shares of EMCOR Group in the 3rd quarter worth $62,000. Finally, Rakuten Securities Inc. grew its holdings in shares of EMCOR Group by 4,025.0% in the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock worth $71,000 after acquiring an additional 161 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. Finally, Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Trading Down 2.4 %

EME opened at $424.24 on Friday. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 21.55 and a beta of 1.11. EMCOR Group, Inc. has a 1 year low of $248.61 and a 1 year high of $545.29. The stock has a fifty day moving average price of $466.58 and a 200 day moving average price of $446.33.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. EMCOR Group’s payout ratio is 5.08%.

EMCOR Group 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.