Tobam grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 1,038.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 945 shares of the construction company’s stock after buying an additional 862 shares during the quarter. Tobam’s holdings in EMCOR Group were worth $578,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in EME. Great Lakes Advisors LLC raised its stake in shares of EMCOR Group by 32.3% in the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after acquiring an additional 144 shares during the period. Geneos Wealth Management Inc. boosted its position in EMCOR Group by 93.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares during the period. Sivia Capital Partners LLC acquired a new stake in EMCOR Group in the 2nd quarter valued at $459,000. Baird Financial Group Inc. increased its holdings in EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock valued at $3,113,000 after purchasing an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia raised its position in EMCOR Group by 406.1% in the second quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock valued at $2,442,000 after purchasing an additional 3,663 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.
EMCOR Group Price Performance
Shares of EME stock opened at $837.57 on Friday. EMCOR Group, Inc. has a 12 month low of $478.16 and a 12 month high of $951.96. The firm has a market capitalization of $37.22 billion, a P/E ratio of 28.10 and a beta of 1.12. The company’s fifty day moving average price is $852.96 and its two-hundred day moving average price is $755.25.
EMCOR Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 5.37%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on EME shares. DA Davidson boosted their price objective on EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a report on Thursday, April 30th. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Oppenheimer assumed coverage on EMCOR Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus price target of $871.25.
Check Out Our Latest Stock Report on EMCOR Group
Insider Transactions at EMCOR Group
In other EMCOR Group news, VP Robert Peter Lind sold 675 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the sale, the vice president owned 4,216 shares in the company, valued at $3,770,242.32. This trade represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total value of $685,144.00. Following the sale, the chief financial officer owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. This trade represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,027 shares of company stock valued at $8,957,466 in the last three months. 0.83% of the stock is currently owned by company 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.
Featured Articles
- Five stocks we like better than EMCOR Group
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME – Free Report).
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.
