Dimensional Fund Advisors LP reduced its stake in EMCOR Group, Inc. (NYSE:EME) by 5.3% during the fourth quarter, Holdings Channel reports. The firm owned 2,089,642 shares of the company’s stock after selling 117,284 shares during the period. Dimensional Fund Advisors LP owned approximately 3.45% of EMCOR Group worth $147,866,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. BlackRock Fund Advisors increased its position in shares of EMCOR Group by 6.1% in the third quarter. BlackRock Fund Advisors now owns 3,168,827 shares of the company’s stock valued at $188,925,000 after buying an additional 181,842 shares during the period. Victory Capital Management Inc. increased its position in shares of EMCOR Group by 6.1% in the second quarter. Victory Capital Management Inc. now owns 2,637,753 shares of the company’s stock valued at $129,935,000 after buying an additional 151,019 shares during the period. State Street Corp increased its position in shares of EMCOR Group by 0.6% in the fourth quarter. State Street Corp now owns 1,994,474 shares of the company’s stock valued at $141,128,000 after buying an additional 11,494 shares during the period. Silvercrest Asset Management Group LLC increased its position in shares of EMCOR Group by 8.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,720,061 shares of the company’s stock valued at $84,730,000 after buying an additional 135,252 shares during the period. Finally, Northern Trust Corp increased its position in shares of EMCOR Group by 16.7% in the third quarter. Northern Trust Corp now owns 1,616,914 shares of the company’s stock valued at $96,400,000 after buying an additional 231,441 shares during the period. Institutional investors own 96.39% of the company’s stock.
Shares of EMCOR Group, Inc. (NYSE:EME) traded down 0.65% during midday trading on Friday, hitting $69.78. 33,711 shares of the stock were exchanged. EMCOR Group, Inc. has a one year low of $44.16 and a one year high of $73.44. The firm has a 50 day moving average of $69.37 and a 200-day moving average of $63.70. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 22.39 and a beta of 0.91.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 30th. Investors of record on Tuesday, January 17th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, January 12th. EMCOR Group’s dividend payout ratio (DPR) is presently 10.29%.
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Several equities analysts recently weighed in on EME shares. Zacks Investment Research downgraded shares of EMCOR Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. Stifel Nicolaus cut shares of EMCOR Group from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Thursday, December 8th. Finally, Macquarie began coverage on shares of EMCOR Group in a research note on Friday, January 13th. They set a “neutral” rating and a $73.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. EMCOR Group currently has a consensus rating of “Hold” and a consensus target price of $64.60.
About EMCOR Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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