AlphaCentric Advisors LLC Reduces Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

AlphaCentric Advisors LLC lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 14.9% in the 4th quarter, HoldingsChannel reports. The firm owned 172 shares of the construction company’s stock after selling 30 shares during the quarter. AlphaCentric Advisors LLC’s holdings in EMCOR Group were worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Perigon Wealth Management LLC boosted its position in EMCOR Group by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock worth $353,000 after purchasing an additional 19 shares in the last quarter. Adirondack Trust Co. boosted its holdings in EMCOR Group by 5.0% during the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock worth $191,000 after buying an additional 20 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in EMCOR Group by 1.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after buying an additional 21 shares in the last quarter. Caprock Group LLC grew its position in EMCOR Group by 0.4% during the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after buying an additional 22 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after buying an additional 25 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EME has been the topic of a number of analyst reports. Northcoast Research started 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. Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, EMCOR Group presently 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 $425.80 on Tuesday. The business has a 50 day simple moving average of $469.45 and a two-hundred day simple moving average of $445.97. The stock has a market capitalization of $19.59 billion, a P/E ratio of 21.63 and a beta of 1.11. EMCOR Group, Inc. has a 12 month low of $247.24 and a 12 month high of $545.29.

EMCOR Group Announces Dividend

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

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.