EMCOR Group, Inc. (NYSE:EME) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 57,076 shares of the construction company’s stock after selling 3,739 shares during the quarter. EMCOR Group makes up approximately 3.1% of Navellier & Associates Inc.’s holdings, making the stock its 2nd largest holding. Navellier & Associates Inc.’s holdings in EMCOR Group were worth $25,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $100,282,000. Nordea Investment Management AB boosted its holdings in EMCOR Group by 2,246.2% during the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after buying an additional 136,501 shares in the last quarter. Swedbank AB grew its position in EMCOR Group by 399.4% during the fourth quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock valued at $69,648,000 after buying an additional 122,716 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in EMCOR Group by 45.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after buying an additional 88,074 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of EMCOR Group by 21.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company’s stock worth $196,500,000 after acquiring an additional 75,578 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. Northcoast Research began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $403.75 on Friday. The stock has a market capitalization of $18.57 billion, a P/E ratio of 20.51 and a beta of 1.11. The business has a 50 day simple moving average of $466.58 and a two-hundred day simple moving average of $446.33. EMCOR Group, Inc. has a 12 month low of $254.09 and a 12 month high of $545.29.

EMCOR Group Dividend Announcement

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

EMCOR Group Profile

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.