AlphaCentric Advisors LLC Trims Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

AlphaCentric Advisors LLC reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 172 shares of the construction company’s stock after selling 30 shares during the period. AlphaCentric Advisors LLC’s holdings in EMCOR Group were worth $78,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EME. World Investment Advisors LLC purchased a new stake in shares of EMCOR Group during the third quarter valued at $100,282,000. Nordea Investment Management AB lifted its holdings in 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 valued at $65,036,000 after buying an additional 136,501 shares in the last quarter. Swedbank AB boosted its position in EMCOR Group by 399.4% in the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock valued at $69,648,000 after buying an additional 122,716 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in EMCOR Group by 45.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after buying an additional 88,074 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in EMCOR Group by 21.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company’s stock worth $196,500,000 after acquiring an additional 75,578 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

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

EMCOR Group Trading Down 0.4 %

Shares of NYSE EME opened at $425.80 on Tuesday. EMCOR Group, Inc. has a 12-month low of $247.24 and a 12-month high of $545.29. The stock’s fifty day simple moving average is $469.45 and its two-hundred day simple moving average is $445.97. The stock has a market capitalization of $19.59 billion, a PE ratio of 21.63 and a beta of 1.11.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. 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.