Amalgamated Bank Sells 623 Shares of EMCOR Group, Inc. (NYSE:EME)

Amalgamated Bank lowered its holdings in EMCOR Group, Inc. (NYSE:EME) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,210 shares of the construction company’s stock after selling 623 shares during the quarter. Amalgamated Bank’s holdings in EMCOR Group were worth $10,535,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. True Wealth Design LLC increased its holdings in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares during the period. SJS Investment Consulting Inc. boosted its position 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 in the last quarter. Prospera Private Wealth LLC bought a new stake in EMCOR Group during the 3rd quarter valued at $55,000. Harbor Capital Advisors Inc. purchased a new position in shares of EMCOR Group in the 3rd quarter valued at $62,000. Finally, Rakuten Securities Inc. raised its position in shares of EMCOR Group by 4,025.0% in the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock worth $71,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $398.33 on Wednesday. EMCOR Group, Inc. has a fifty-two week low of $269.06 and a fifty-two week high of $545.29. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 20.23 and a beta of 1.11. The stock’s 50-day simple moving average is $463.19 and its 200-day simple moving average is $448.38.

EMCOR Group Dividend Announcement

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

Analyst Ratings Changes

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

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.