Nisa Investment Advisors LLC Has $11.04 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Nisa Investment Advisors LLC cut its position in shares of EMCOR Group, Inc. (NYSE:EME) by 18.7% during the third quarter, HoldingsChannel.com reports. The firm owned 25,639 shares of the construction company’s stock after selling 5,879 shares during the period. Nisa Investment Advisors LLC’s holdings in EMCOR Group were worth $11,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of EMCOR Group by 92.8% in the 1st quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock worth $35,901,000 after acquiring an additional 49,346 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of EMCOR Group during the first quarter worth $1,772,000. Cetera Advisors LLC increased its stake in shares of EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after buying an additional 3,869 shares in the last quarter. Sei Investments Co. raised its holdings in shares of EMCOR Group by 3.8% in the first quarter. Sei Investments Co. now owns 128,492 shares of the construction company’s stock valued at $44,996,000 after buying an additional 4,647 shares during the last quarter. Finally, HBK Sorce Advisory LLC acquired a new position in EMCOR Group during the 1st quarter worth about $209,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EME. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson raised their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th.

EMCOR Group Stock Down 1.1 %

EME stock opened at $431.77 on Thursday. EMCOR Group, Inc. has a twelve month low of $204.11 and a twelve month high of $456.16. The company has a market cap of $20.29 billion, a P/E ratio of 28.48 and a beta of 1.07. The business has a fifty day moving average of $414.61 and a 200-day moving average of $385.00.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.23%. EMCOR Group’s dividend payout ratio is currently 6.60%.

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.