EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 836.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,603 shares of the construction company's stock after purchasing an additional 13,044 shares during the quarter. Ieq Capital LLC's holdings in EMCOR Group were worth $6,628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EME. True Wealth Design LLC boosted its position in EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. grew its position in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $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 worth about $55,000. Harbor Capital Advisors Inc. acquired a new stake in EMCOR Group during the third quarter worth about $62,000. Finally, Rakuten Securities Inc. raised its position in EMCOR Group by 4,025.0% during the third quarter. Rakuten Securities Inc. now owns 165 shares of the construction company's stock valued at $71,000 after acquiring an additional 161 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EME shares. The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a "buy" rating and a $600.00 price target on the stock. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Northcoast Research began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price objective for the company. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $518.75.

EMCOR Group Stock Performance

Shares of EME traded down $12.47 during mid-day trading on Monday, hitting $391.88. 519,142 shares of the company were exchanged, compared to its average volume of 480,346. The company has a 50 day moving average of $465.08 and a 200-day moving average of $448.15. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of 19.89 and a beta of 1.11. EMCOR Group, Inc. has a 1-year low of $269.06 and a 1-year high of $545.29.

EMCOR Group Announces Dividend

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

EMCOR Group Profile

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.