Tokio Marine Asset Management Co. Ltd. Acquires New Shares in EMCOR Group, Inc. (NYSE:EME)

Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,622 shares of the construction company's stock, valued at approximately $7,091,000.

A number of other hedge funds have also recently modified their holdings of EME. Creative Planning lifted its stake in EMCOR Group by 12.0% in the second quarter. Creative Planning now owns 9,435 shares of the construction company's stock valued at $3,445,000 after buying an additional 1,012 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of EMCOR Group by 27.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 371 shares of the construction company's stock worth $135,000 after buying an additional 81 shares during the period. Cetera Investment Advisers raised its stake in EMCOR Group by 25.7% during the 2nd quarter. Cetera Investment Advisers now owns 22,999 shares of the construction company's stock valued at $8,396,000 after acquiring an additional 4,697 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of EMCOR Group in the 2nd quarter valued at approximately $4,172,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of EMCOR Group by 4,451.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 26,900 shares of the construction company's stock valued at $9,821,000 after purchasing an additional 26,309 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 3.5 %

Shares of EME stock traded up $15.62 during mid-day trading on Wednesday, reaching $460.62. The stock had a trading volume of 153,744 shares, compared to its average volume of 490,512. EMCOR Group, Inc. has a one year low of $232.92 and a one year high of $545.29. The firm has a market cap of $21.19 billion, a PE ratio of 23.45 and a beta of 1.11. The firm's 50 day simple moving average is $480.41 and its 200 day simple moving average is $440.87.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's payout ratio is presently 5.08%.

Analysts Set New Price Targets

A number of brokerages have commented on EME. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They set a "buy" rating and a $600.00 target price on the stock. The Goldman Sachs Group began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 target price for the company. Finally, Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $518.75.

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.