Louisiana State Employees Retirement System Trims Holdings in EMCOR Group, Inc. (NYSE:EME)

Louisiana State Employees Retirement System lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,800 shares of the construction company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in EMCOR Group were worth $5,810,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC raised its stake in EMCOR Group by 87.9% during the third quarter. CWM LLC now owns 4,243 shares of the construction company’s stock valued at $1,827,000 after buying an additional 1,985 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of EMCOR Group by 104.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,127 shares of the construction company’s stock valued at $485,000 after acquiring an additional 577 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter valued at approximately $33,000. Creative Planning lifted its stake in EMCOR Group by 5.3% during the third quarter. Creative Planning now owns 9,939 shares of the construction company’s stock worth $4,279,000 after purchasing an additional 504 shares during the last quarter. Finally, Swedbank AB boosted its holdings in EMCOR Group by 27.7% in the third quarter. Swedbank AB now owns 30,727 shares of the construction company’s stock worth $13,229,000 after purchasing an additional 6,664 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Down 3.0 %

Shares of NYSE:EME opened at $432.94 on Thursday. The company’s 50-day moving average price is $475.53 and its 200 day moving average price is $444.22. The company has a market cap of $19.92 billion, a PE ratio of 21.99 and a beta of 1.11. EMCOR Group, Inc. has a fifty-two week low of $238.94 and a fifty-two week high of $545.29.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Company 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.