New York State Common Retirement Fund Sells 2,456 Shares of EMCOR Group, Inc. (NYSE:EME)

New York State Common Retirement Fund decreased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,501 shares of the construction company's stock after selling 2,456 shares during the quarter. New York State Common Retirement Fund owned about 0.18% of EMCOR Group worth $36,539,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC lifted its position 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 buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after purchasing an additional 94 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in EMCOR Group during the third quarter worth approximately $55,000. Harbor Capital Advisors Inc. acquired a new position in EMCOR Group during the third quarter valued at approximately $62,000. Finally, Rakuten Securities Inc. raised its position in shares of EMCOR Group by 4,025.0% in the third quarter. Rakuten Securities Inc. now owns 165 shares of the construction company's stock valued at $71,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

EMCOR Group stock traded down $13.93 during trading hours on Monday, hitting $390.43. 841,036 shares of the stock were exchanged, compared to its average volume of 490,772. EMCOR Group, Inc. has a 12 month low of $269.06 and a 12 month high of $545.29. The business's 50-day moving average is $463.19 and its two-hundred day moving average is $448.38. The stock has a market capitalization of $17.96 billion, a P/E ratio of 19.83 and a beta of 1.11.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.26%. EMCOR Group's payout ratio is 5.08%.

Wall Street Analyst Weigh In

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

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.