Asset Management One Co. Ltd. Acquires 2,770 Shares of EMCOR Group, Inc. (NYSE:EME)

Asset Management One Co. Ltd. raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,738 shares of the construction company's stock after purchasing an additional 2,770 shares during the quarter. Asset Management One Co. Ltd.'s holdings in EMCOR Group were worth $9,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. World Investment Advisors LLC bought a new position in EMCOR Group during the third quarter valued at about $100,282,000. Nordea Investment Management AB grew its position in shares of 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 acquiring an additional 136,501 shares during the period. Swedbank AB increased its stake in shares of EMCOR Group by 399.4% during the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company's stock worth $69,648,000 after purchasing an additional 122,716 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of 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 worth $121,871,000 after purchasing an additional 88,074 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in EMCOR Group by 21.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company's stock valued at $196,500,000 after purchasing an additional 75,578 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

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EMCOR Group Stock Down 4.9 %

Shares of NYSE:EME traded down $20.89 during midday trading on Friday, reaching $403.75. 702,634 shares of the company traded hands, compared to its average volume of 480,469. The firm's fifty day moving average price is $466.58 and its two-hundred day moving average price is $446.33. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 20.51 and a beta of 1.11. EMCOR Group, Inc. has a 12 month low of $254.09 and a 12 month high of $545.29.

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.