EMCOR Group, Inc. (NYSE:EME) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New trimmed its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 472 shares of the construction company’s stock after selling 25 shares during the quarter. Cigna Investments Inc. New’s holdings in EMCOR Group were worth $214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group in the third quarter valued at about $33,000. True Wealth Design LLC increased its position in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after acquiring an additional 104 shares during the period. SJS Investment Consulting Inc. raised its stake in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after acquiring an additional 94 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of EMCOR Group in the 3rd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

EME has been the subject of several analyst reports. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. Northcoast Research began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Performance

EMCOR Group stock opened at $446.25 on Wednesday. The company has a market cap of $20.53 billion, a P/E ratio of 22.66 and a beta of 1.11. EMCOR Group, Inc. has a one year low of $238.94 and a one year high of $545.29. The business has a fifty day moving average of $476.79 and a two-hundred day moving average of $443.64.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

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.