EMCOR Group, Inc. (NYSE:EME) Stake Lifted by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lifted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 6,571.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,441 shares of the construction company's stock after acquiring an additional 56,580 shares during the period. EMCOR Group comprises approximately 1.4% of GW Henssler & Associates Ltd.'s holdings, making the stock its 26th largest holding. GW Henssler & Associates Ltd. owned about 0.12% of EMCOR Group worth $24,730,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. acquired a new stake in shares of EMCOR Group during the third quarter worth $205,000. Pallas Capital Advisors LLC raised its stake in EMCOR Group by 67.5% during the third quarter. Pallas Capital Advisors LLC now owns 1,759 shares of the construction company's stock worth $785,000 after acquiring an additional 709 shares during the period. Inscription Capital LLC bought a new position in EMCOR Group in the third quarter worth about $349,000. Semanteon Capital Management LP acquired a new position in EMCOR Group in the third quarter valued at approximately $1,226,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of EMCOR Group by 21.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company's stock valued at $5,230,000 after purchasing an additional 2,161 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on EME. DA Davidson boosted their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th.

EMCOR Group Price Performance

Shares of NYSE EME traded up $5.23 during midday trading on Tuesday, hitting $436.79. 355,043 shares of the company's stock were exchanged, compared to its average volume of 429,771. EMCOR Group, Inc. has a twelve month low of $203.57 and a twelve month high of $456.16. The firm has a market cap of $20.53 billion, a P/E ratio of 28.49 and a beta of 1.07. The stock's 50 day moving average price is $413.23 and its 200-day moving average price is $384.40.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. EMCOR Group's payout ratio is 6.60%.

EMCOR Group Company 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.