Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.99 Million Position in EMCOR Group, Inc. (NYSE:EME)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,200 shares of the construction company’s stock after buying an additional 500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in EMCOR Group were worth $5,991,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its holdings in shares of EMCOR Group by 8.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 697 shares of the construction company’s stock worth $300,000 after acquiring an additional 54 shares during the last quarter. Signaturefd LLC increased its holdings in EMCOR Group by 11.7% during the 3rd quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock worth $202,000 after purchasing an additional 49 shares in the last quarter. International Assets Investment Management LLC bought a new stake in EMCOR Group during the 3rd quarter worth approximately $31,140,000. Forsta AP Fonden raised its stake in shares of EMCOR Group by 5.8% in the third quarter. Forsta AP Fonden now owns 20,081 shares of the construction company’s stock worth $8,645,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of EMCOR Group by 14.5% in the third quarter. Arkadios Wealth Advisors now owns 631 shares of the construction company’s stock valued at $272,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EME. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $390.43 on Tuesday. EMCOR Group, Inc. has a 1 year low of $269.06 and a 1 year high of $545.29. The company has a market capitalization of $17.96 billion, a PE ratio of 19.83 and a beta of 1.11. The business has a fifty day moving average price of $463.19 and a two-hundred day moving average price of $448.38.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given 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 0.26%. EMCOR Group’s 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.