New York State Teachers Retirement System Has $27.34 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

New York State Teachers Retirement System trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.2% during the fourth quarter, HoldingsChannel reports. The fund owned 60,226 shares of the construction company’s stock after selling 1,342 shares during the period. New York State Teachers Retirement System’s holdings in EMCOR Group were worth $27,337,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. True Wealth Design LLC raised its stake 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 purchasing an additional 104 shares during the period. SJS Investment Consulting Inc. grew its holdings in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after buying an additional 94 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group in the 3rd quarter valued at approximately $49,000. Prospera Private Wealth LLC bought a new stake in EMCOR Group in the 3rd quarter valued at approximately $55,000. Finally, Harbor Capital Advisors Inc. acquired a new position in EMCOR Group during the 3rd quarter worth approximately $62,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Down 0.4 %

Shares of EME opened at $425.80 on Friday. The company’s fifty day simple moving average is $470.50 and its 200 day simple moving average is $445.06. EMCOR Group, Inc. has a 1-year low of $247.24 and a 1-year high of $545.29. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 21.63 and a beta of 1.11.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio is presently 5.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EME shares. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. Finally, StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average price target 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.