Dimensional Fund Advisors LP Lowers Stake in EMCOR Group, Inc. (EME)

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.

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

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%.

“Dimensional Fund Advisors LP Lowers Stake in EMCOR Group, Inc. (EME)” was originally published by Web Breaking News and is owned by of Web Breaking News. If you are reading this piece on another site, it was copied illegally and reposted in violation of U.S. and international copyright laws. The legal version of this piece can be read at http://www.webbreakingnews.com/2017/02/17/dimensional-fund-advisors-lp-lowers-stake-in-emcor-group-inc-eme.html.

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.

5 Day Chart for NYSE:EME

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:EME).

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

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.