NewEdge Advisors LLC grew its holdings in EMCOR Group, Inc. (NYSE:EME – Free Report) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,774 shares of the construction company’s stock after purchasing an additional 768 shares during the quarter. NewEdge Advisors LLC’s holdings in EMCOR Group were worth $11,646,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. bought a new stake in EMCOR Group during the 1st quarter valued at approximately $374,000. Caerus Investment Advisors LLC grew its holdings in EMCOR Group by 23.8% in the 1st quarter. Caerus Investment Advisors LLC now owns 578 shares of the construction company’s stock valued at $427,000 after buying an additional 111 shares during the last quarter. Keel Point LLC bought a new position in EMCOR Group in the 1st quarter worth approximately $208,000. Groupama Asset Managment bought a new position in EMCOR Group in the 1st quarter worth approximately $619,000. Finally, Verus Capital Partners LLC lifted its holdings in shares of EMCOR Group by 8.1% during the first quarter. Verus Capital Partners LLC now owns 930 shares of the construction company’s stock worth $687,000 after buying an additional 70 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.
EMCOR Group Price Performance
Shares of EME opened at $818.15 on Monday. The company has a market capitalization of $36.09 billion, a P/E ratio of 25.45 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The business’s 50 day simple moving average is $798.08 and its 200-day simple moving average is $793.45.
EMCOR Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.40 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 4.98%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a research report on Thursday, April 30th. Oppenheimer increased their price target on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $1,123.00 price objective on shares of EMCOR Group in a report on Tuesday, June 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $955.71.
Insider Activity
In related news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.
EMCOR Group 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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