Allspring Global Investments Holdings LLC Has $196.50 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Allspring Global Investments Holdings LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 21.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429,623 shares of the construction company's stock after acquiring an additional 75,578 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.93% of EMCOR Group worth $196,500,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of EMCOR Group in the third quarter worth about $33,000. True Wealth Design LLC increased its holdings in shares of EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after acquiring an additional 104 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after acquiring an additional 94 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of EMCOR Group in the third quarter worth about $49,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group in the third quarter worth about $55,000. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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EMCOR Group Trading Down 0.4 %

Shares of EMCOR Group stock traded down $1.75 on Friday, reaching $425.80. 303,335 shares of the company were exchanged, compared to its average volume of 497,463. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 21.63 and a beta of 1.11. EMCOR Group, Inc. has a one year low of $247.24 and a one year high of $545.29. The company has a 50-day moving average of $472.17 and a 200 day moving average of $444.03.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors 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 yield of 0.23%. EMCOR Group's payout ratio is 5.08%.

EMCOR Group Company Profile

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.