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

Cigna Investments Inc. New decreased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the third quarter worth approximately $33,000. True Wealth Design LLC grew its holdings 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 worth $46,000 after buying an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group during the third quarter valued at $49,000. SJS Investment Consulting Inc. increased 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 buying an additional 94 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group during the third quarter valued at approximately $55,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

EMCOR Group Stock Down 4.3 %

Shares of NYSE:EME opened at $446.25 on Wednesday. EMCOR Group, Inc. has a 12 month low of $238.94 and a 12 month high of $545.29. The company’s 50-day moving average price is $476.79 and its two-hundred day moving average price is $443.64. The firm has a market cap of $20.53 billion, a P/E ratio of 22.66 and a beta of 1.11.

EMCOR Group Dividend Announcement

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