Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 500 Shares of EMCOR Group, Inc. (NYSE:EME)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. True Wealth Design LLC grew its position in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake 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 during the period. Prospera Private Wealth LLC bought a new stake in EMCOR Group in the third quarter valued at approximately $55,000. Harbor Capital Advisors Inc. acquired a new stake in EMCOR Group during the 3rd quarter valued at approximately $62,000. Finally, Rakuten Securities Inc. raised its holdings in EMCOR Group by 4,025.0% during the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock worth $71,000 after purchasing an additional 161 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Down 3.4 %

Shares of NYSE EME opened at $390.43 on Tuesday. The firm has a market cap of $17.96 billion, a PE ratio of 19.83 and a beta of 1.11. The company’s fifty day simple moving average is $463.19 and its 200 day simple moving average is $448.38. EMCOR Group, Inc. has a 12-month low of $269.06 and a 12-month high of $545.29.

EMCOR Group Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.