EMCOR Group, Inc. (NYSE:EME) Position Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,843 shares of the construction company’s stock after selling 744 shares during the period. Retirement Systems of Alabama’s holdings in EMCOR Group were worth $33,971,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. WESPAC Advisors SoCal LLC bought a new stake in EMCOR Group during the fourth quarter worth approximately $8,167,000. Trust Point Inc. boosted its stake in EMCOR Group by 24.6% in the 4th quarter. Trust Point Inc. now owns 2,288 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 452 shares during the period. Lazari Capital Management Inc. boosted its stake in EMCOR Group by 8.7% in the 4th quarter. Lazari Capital Management Inc. now owns 672 shares of the construction company’s stock worth $305,000 after purchasing an additional 54 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in EMCOR Group by 0.7% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 58,532 shares of the construction company’s stock worth $26,568,000 after purchasing an additional 416 shares during the period. Finally, Greenleaf Trust boosted its stake in EMCOR Group by 3.9% in the 4th quarter. Greenleaf Trust now owns 975 shares of the construction company’s stock worth $443,000 after purchasing an additional 37 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EME shares. The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. One 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Stock Up 2.7 %

Shares of NYSE:EME opened at $456.92 on Thursday. The firm has a fifty day moving average of $479.39 and a two-hundred day moving average of $440.98. The firm has a market capitalization of $21.02 billion, a P/E ratio of 23.21 and a beta of 1.11. EMCOR Group, Inc. has a 12-month low of $232.92 and a 12-month high of $545.29.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. 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 (DPR) 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.