EMCOR Group, Inc. (NYSE:EME) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 33.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,247 shares of the construction company’s stock after selling 2,605 shares during the quarter. State of Alaska Department of Revenue’s holdings in EMCOR Group were worth $2,381,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in shares of EMCOR Group during the third quarter worth about $100,282,000. Nordea Investment Management AB increased its stake in shares of EMCOR Group by 2,246.2% during the fourth 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 increased its stake in shares of EMCOR Group by 399.4% during the fourth 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 increased its stake in shares of EMCOR Group by 45.2% during the third 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 acquired a new position in shares of EMCOR Group during the third quarter worth about $31,140,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EME shares. The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. Stifel Nicolaus started coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

Shares of NYSE EME opened at $467.06 on Tuesday. EMCOR Group, Inc. has a 12-month low of $238.94 and a 12-month high of $545.29. The company has a market capitalization of $21.48 billion, a PE ratio of 23.72 and a beta of 1.11. The firm’s 50-day moving average is $477.56 and its two-hundred day moving average is $442.79.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, January 16th. 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.