Fiera Capital Corp raised its position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 33.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 129,354 shares of the construction company’s stock after purchasing an additional 32,655 shares during the quarter. Fiera Capital Corp’s holdings in EMCOR Group were worth $79,137,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. PAX Financial Group LLC raised its stake in EMCOR Group by 3.6% during the fourth quarter. PAX Financial Group LLC now owns 404 shares of the construction company’s stock valued at $247,000 after buying an additional 14 shares in the last quarter. Austin Private Wealth LLC raised its stake in EMCOR Group by 3.6% during the fourth quarter. Austin Private Wealth LLC now owns 437 shares of the construction company’s stock valued at $267,000 after buying an additional 15 shares in the last quarter. First National Bank of Hutchinson raised its stake in EMCOR Group by 0.9% during the fourth quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company’s stock valued at $987,000 after buying an additional 15 shares in the last quarter. Advisors Capital Management LLC raised its stake in EMCOR Group by 3.4% during the fourth quarter. Advisors Capital Management LLC now owns 450 shares of the construction company’s stock valued at $275,000 after buying an additional 15 shares in the last quarter. Finally, KPP Advisory Services LLC raised its stake in EMCOR Group by 3.9% during the fourth quarter. KPP Advisory Services LLC now owns 399 shares of the construction company’s stock valued at $244,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
EMCOR Group Trading Down 0.1%
Shares of EMCOR Group stock opened at $817.00 on Monday. EMCOR Group, Inc. has a twelve month low of $455.14 and a twelve month high of $951.96. The stock has a market capitalization of $36.31 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12. The business’s 50 day simple moving average is $837.60 and its 200-day simple moving average is $740.80.
EMCOR Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s dividend payout ratio is 5.37%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on EME shares. UBS Group increased their price target on EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Monday, April 20th. Oppenheimer started coverage on EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 price target on the stock. DA Davidson increased their price target on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Cantor Fitzgerald started coverage on EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and an average target price of $836.88.
Insiders Place Their Bets
In related news, VP Robert Peter Lind sold 675 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the completion of the transaction, the vice president directly owned 4,216 shares of the company’s stock, valued at $3,770,242.32. This represents a 13.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven Schwarzwaelder sold 5,602 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total value of $5,014,854.38. Following the completion of the transaction, the director directly owned 15,875 shares of the company’s stock, valued at $14,211,141.25. This trade represents a 26.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,077 shares of company stock valued at $8,155,191. 1.26% of the stock is owned by corporate insiders.
EMCOR Group Company Profile
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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