Thu Sep 26 13:33:14 UTC 2024: ## Institutional Investors Adjust Stakes in EMCOR Group

**New York, NY** – Benjamin F. Edwards & Company Inc. reduced its holdings in construction giant EMCOR Group, Inc. (NYSE: EME) by 50.2% in the second quarter, according to a recent SEC filing. However, other institutional investors like Acadian Asset Management LLC, Panagora Asset Management Inc., and Renaissance Technologies LLC significantly increased their stakes in the company during the same period.

EMCOR Group’s stock opened at $435.23 on Thursday, with a 52-week low of $191.50 and a high of $442.15. The company recently declared a quarterly dividend of $0.25 per share, representing a 0.23% dividend yield. Additionally, EMCOR Group authorized a $500 million stock repurchase plan, indicating management’s belief in the company’s undervalued stock.

Analyst reports on EMCOR Group have been mixed. DA Davidson upgraded its price target to $430.00 and maintained a “buy” rating, while StockNews.com downgraded its rating to “buy” from “strong-buy.”

In other news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock for a total of $482,027.00. Institutional investors own 92.59% of EMCOR Group’s stock.

EMCOR Group provides construction and facilities services in the United States and the United Kingdom. The company offers a wide range of services, including design, integration, installation, and maintenance for various systems.

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