EMCOR Group, Inc. (NYSE:EME) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 40.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,172 shares of the construction company’s stock after selling 15,060 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in EMCOR Group were worth $4,665,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Swiss National Bank lifted its stake in EMCOR Group by 0.7% in the 3rd quarter. Swiss National Bank now owns 104,500 shares of the construction company’s stock valued at $21,986,000 after buying an additional 700 shares in the last quarter. Amalgamated Bank lifted its stake in EMCOR Group by 7.1% in the 3rd quarter. Amalgamated Bank now owns 36,433 shares of the construction company’s stock valued at $7,665,000 after buying an additional 2,426 shares in the last quarter. New York Life Investment Management LLC lifted its stake in EMCOR Group by 115.3% in the 3rd quarter. New York Life Investment Management LLC now owns 5,014 shares of the construction company’s stock valued at $1,055,000 after buying an additional 2,685 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in EMCOR Group by 4.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 15,974 shares of the construction company’s stock valued at $3,361,000 after buying an additional 633 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in EMCOR Group in the 3rd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 92.57% of the company’s stock.

EMCOR Group Trading Up 1.3 %

Shares of EME opened at $245.15 on Monday. The stock has a fifty day moving average of $220.43 and a two-hundred day moving average of $215.13. 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 company has a market capitalization of $11.53 billion, a PE ratio of 21.37 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 $245.46.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th were issued a $0.18 dividend. The ex-dividend date was Friday, January 12th. This represents a $0.72 annualized dividend and a yield of 0.29%. EMCOR Group’s dividend payout ratio (DPR) is presently 6.28%.

Wall Street Analyst Weigh In

Separately, KeyCorp began coverage on EMCOR Group in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

Get Our Latest Stock Report 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.

Featured Articles

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:EMEFree Report).

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

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