Choreo LLC lowered its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,086 shares of the construction company's stock after selling 586 shares during the period. Choreo LLC's holdings in EMCOR Group were worth $495,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of EME. ORG Wealth Partners LLC acquired a new position in shares of EMCOR Group in the third quarter worth about $33,000. True Wealth Design LLC increased its stake in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after purchasing an additional 104 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of EMCOR Group during the third quarter worth about $49,000. SJS Investment Consulting Inc. increased its stake in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after purchasing an additional 94 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of EMCOR Group during the third quarter worth about $55,000. Institutional investors and hedge funds own 92.59% of the company's stock.
EMCOR Group Price Performance
NYSE EME traded down $1.75 during trading hours on Friday, hitting $425.80. 303,335 shares of the company's stock traded hands, compared to its average volume of 497,463. EMCOR Group, Inc. has a 52-week low of $247.24 and a 52-week high of $545.29. The company has a market capitalization of $19.59 billion, a PE ratio of 21.63 and a beta of 1.11. The firm's 50-day moving average is $470.50 and its 200-day moving average is $445.06.
EMCOR Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.23%. EMCOR Group's dividend payout ratio is presently 5.08%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on EME shares. The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a "sell" rating and a $445.00 target price for the company. Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 target price for the company. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Finally, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a "buy" rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.
Read Our Latest Analysis on EMCOR Group
About EMCOR Group
(
Free Report)
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.
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