Rhumbline Advisers Has $66.70 Million Position in EMCOR Group, Inc. (NYSE:EME)

Rhumbline Advisers cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,944 shares of the construction company’s stock after selling 971 shares during the quarter. Rhumbline Advisers owned about 0.32% of EMCOR Group worth $66,698,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EME. World Investment Advisors LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $100,282,000. Nordea Investment Management AB grew its holdings in EMCOR Group by 2,246.2% in the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock valued at $65,036,000 after buying an additional 136,501 shares in the last quarter. Swedbank AB grew its holdings in EMCOR Group by 399.4% in the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock valued at $69,648,000 after buying an additional 122,716 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in 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 valued at $121,871,000 after buying an additional 88,074 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in EMCOR Group by 21.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company’s stock valued at $196,500,000 after buying an additional 75,578 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

NYSE:EME opened at $425.80 on Monday. The stock has a fifty day moving average price of $470.50 and a 200-day moving average price of $445.55. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 21.63 and a beta of 1.11. EMCOR Group, Inc. has a fifty-two week low of $247.24 and a fifty-two week high of $545.29.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group’s payout ratio is 5.08%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. 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 on the stock. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group 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.