Handelsbanken Fonder AB Cuts Stock Position in EMCOR Group, Inc. (NYSE:EME)

Handelsbanken Fonder AB cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,216 shares of the construction company’s stock after selling 400 shares during the quarter. Handelsbanken Fonder AB’s holdings in EMCOR Group were worth $5,545,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its holdings in EMCOR Group by 8.4% during the third quarter. Sequoia Financial Advisors LLC now owns 697 shares of the construction company’s stock worth $300,000 after buying an additional 54 shares during the last quarter. Signaturefd LLC grew its position in shares of EMCOR Group by 11.7% during the 3rd quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock valued at $202,000 after acquiring an additional 49 shares during the period. International Assets Investment Management LLC bought a new position in shares of EMCOR Group during the 3rd quarter valued at approximately $31,140,000. IFM Investors Pty Ltd grew its position in shares of EMCOR Group by 7.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock valued at $3,969,000 after acquiring an additional 612 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in shares of EMCOR Group during the 3rd quarter valued at approximately $2,329,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

EMCOR Group Trading Down 4.9 %

EME opened at $403.75 on Monday. The company has a 50 day moving average of $465.08 and a 200 day moving average of $448.15. The company has a market cap of $18.57 billion, a PE 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

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.