State of New Jersey Common Pension Fund D Grows Stake in EMCOR Group, Inc. (NYSE:EME)

State of New Jersey Common Pension Fund D increased its holdings in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 4.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,318 shares of the construction company’s stock after acquiring an additional 1,104 shares during the period. State of New Jersey Common Pension Fund D’s holdings in EMCOR Group were worth $5,327,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EME. Norges Bank purchased a new position in EMCOR Group during the 4th quarter valued at approximately $63,867,000. JPMorgan Chase & Co. grew its holdings in EMCOR Group by 96.7% during the 1st quarter. JPMorgan Chase & Co. now owns 651,082 shares of the construction company’s stock valued at $105,859,000 after buying an additional 320,153 shares in the last quarter. Comerica Bank purchased a new position in EMCOR Group during the 2nd quarter valued at approximately $490,520,000. Morgan Stanley grew its holdings in EMCOR Group by 103.1% during the 4th quarter. Morgan Stanley now owns 521,712 shares of the construction company’s stock valued at $77,271,000 after buying an additional 264,826 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in EMCOR Group by 587.1% during the 2nd quarter. Los Angeles Capital Management LLC now owns 296,226 shares of the construction company’s stock valued at $54,737,000 after buying an additional 253,113 shares in the last quarter. Hedge funds and other institutional investors own 92.57% of the company’s stock.

EMCOR Group Price Performance

NYSE:EME opened at $243.51 on Tuesday. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 21.23 and a beta of 1.02. EMCOR Group, Inc. has a 1 year low of $145.47 and a 1 year high of $246.13. The business has a 50 day simple moving average of $220.43 and a 200-day simple moving average of $215.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.26 and a quick ratio of 1.22.

EMCOR Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on EME

EMCOR Group Company Profile

(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.

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

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