EMCOR Group, Inc. (NYSE:EME) Position Trimmed by Congress Asset Management Co.

Congress Asset Management Co. lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,103 shares of the construction company’s stock after selling 25,115 shares during the quarter. EMCOR Group makes up 1.0% of Congress Asset Management Co.’s investment portfolio, making the stock its 26th largest holding. Congress Asset Management Co.’s holdings in EMCOR Group were worth $140,756,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EME. True Wealth Design LLC lifted its holdings in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group in the 3rd quarter worth approximately $49,000. SJS Investment Consulting Inc. lifted its holdings in 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 purchasing an additional 94 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in EMCOR Group in the 3rd quarter worth approximately $55,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in EMCOR Group in the 3rd quarter worth approximately $62,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EME shares. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. Finally, Northcoast Research initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Stock Down 0.4 %

Shares of EME stock opened at $425.80 on Friday. EMCOR Group, Inc. has a 12 month low of $247.24 and a 12 month high of $545.29. The firm has a market cap of $19.59 billion, a PE ratio of 21.63 and a beta of 1.11. The stock has a 50 day moving average of $470.50 and a 200-day moving average of $445.06.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) is presently 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.