EMCOR Group, Inc. (NYSE:EME) Shares Sold by Barclays PLC

Barclays PLC reduced its holdings in EMCOR Group, Inc. (NYSE:EMEFree Report) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,219 shares of the construction company’s stock after selling 9,803 shares during the quarter. Barclays PLC owned about 0.10% of EMCOR Group worth $9,514,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its holdings in EMCOR Group by 5.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the construction company’s stock worth $273,000 after purchasing an additional 135 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in EMCOR Group by 3.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,156 shares of the construction company’s stock worth $580,000 after purchasing an additional 189 shares during the last quarter. Bank of Montreal Can raised its holdings in EMCOR Group by 3.4% during the first quarter. Bank of Montreal Can now owns 8,037 shares of the construction company’s stock worth $928,000 after purchasing an additional 264 shares during the last quarter. Acadian Asset Management LLC raised its holdings in EMCOR Group by 160.4% during the first quarter. Acadian Asset Management LLC now owns 4,828 shares of the construction company’s stock worth $543,000 after purchasing an additional 2,974 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in EMCOR Group by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,561 shares of the construction company’s stock worth $2,203,000 after purchasing an additional 1,865 shares during the last quarter. 92.57% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

EMCOR Group stock opened at $236.94 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.26. The stock has a fifty day moving average of $218.17 and a two-hundred day moving average of $213.88. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 20.66 and a beta of 1.02. EMCOR Group, Inc. has a fifty-two week low of $143.85 and a fifty-two week high of $237.21.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.30%. The ex-dividend date was Friday, January 12th. EMCOR Group’s payout ratio is 6.28%.

Analyst Upgrades and Downgrades

Separately, KeyCorp started coverage on EMCOR Group in a report on Wednesday, January 10th. They set a “sector weight” rating for the company.

Check Out Our Latest Stock Analysis on EMCOR Group

About EMCOR Group

(Free Report)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.

See Also

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

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