EMC Capital Management Sells 5,065 Shares of EMCOR Group, Inc. (NYSE:EME)

EMC Capital Management cut its stake in EMCOR Group, Inc. (NYSE:EMEFree Report) by 70.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,147 shares of the construction company’s stock after selling 5,065 shares during the quarter. EMC Capital Management’s holdings in EMCOR Group were worth $452,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Hamilton Point Investment Advisors LLC boosted its holdings in shares of EMCOR Group by 1.2% during the 3rd quarter. Hamilton Point Investment Advisors LLC now owns 63,164 shares of the construction company’s stock valued at $13,289,000 after acquiring an additional 771 shares during the last quarter. Blair William & Co. IL bought a new position in shares of EMCOR Group in the 3rd quarter worth approximately $248,000. UBS Group AG lifted its stake in shares of EMCOR Group by 59.7% in the 3rd quarter. UBS Group AG now owns 90,824 shares of the construction company’s stock worth $19,108,000 after purchasing an additional 33,947 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of EMCOR Group by 103.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 11,200 shares of the construction company’s stock worth $2,356,000 after purchasing an additional 5,700 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of EMCOR Group by 4.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 25,318 shares of the construction company’s stock worth $5,327,000 after purchasing an additional 1,104 shares during the period. 92.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, KeyCorp began coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

View Our Latest Report on EMCOR Group

EMCOR Group Stock Performance

NYSE EME traded down $0.35 on Monday, reaching $244.80. 20,037 shares of the stock were exchanged, compared to its average volume of 282,548. EMCOR Group, Inc. has a one year low of $145.47 and a one year high of $245.46. The firm has a market capitalization of $11.52 billion, a PE ratio of 21.25 and a beta of 1.02. The company’s 50-day simple moving average is $220.43 and its two-hundred day simple moving average is $215.13. The company has a current ratio of 1.26, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Friday, January 12th. EMCOR Group’s payout ratio is 6.28%.

EMCOR Group Profile

(Free Report)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.

Read More

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EMEFree Report).

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.