EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 20.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 219,943 shares of the construction company's stock after acquiring an additional 37,018 shares during the period. Allianz Asset Management GmbH owned approximately 0.48% of EMCOR Group worth $99,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC boosted its holdings in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after acquiring an additional 104 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after purchasing an additional 94 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of EMCOR Group in the third quarter valued at approximately $55,000. Harbor Capital Advisors Inc. acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $62,000. Finally, Rakuten Securities Inc. raised its stake in shares of EMCOR Group by 4,025.0% during the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company's stock worth $71,000 after buying an additional 161 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of NYSE:EME traded up $0.28 during midday trading on Tuesday, hitting $391.71. The company's stock had a trading volume of 382,068 shares, compared to its average volume of 486,273. The company has a market cap of $18.02 billion, a P/E ratio of 19.90 and a beta of 1.11. EMCOR Group, Inc. has a 12-month low of $269.06 and a 12-month high of $545.29. The business's 50 day simple moving average is $463.19 and its 200 day simple moving average is $448.38.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is 5.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EME. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price target for the company. Stifel Nicolaus began 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. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $518.75.

About EMCOR Group

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.