Greenspring Advisors LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 736 shares of the construction company’s stock, valued at approximately $450,000.
Several other large investors have also added to or reduced their stakes in the company. PAX Financial Group LLC lifted its holdings in EMCOR Group by 3.6% during the fourth quarter. PAX Financial Group LLC now owns 404 shares of the construction company’s stock valued at $247,000 after purchasing an additional 14 shares in the last quarter. Austin Private Wealth LLC lifted its holdings in EMCOR Group by 3.6% during the fourth quarter. Austin Private Wealth LLC now owns 437 shares of the construction company’s stock valued at $267,000 after purchasing an additional 15 shares in the last quarter. First National Bank of Hutchinson lifted its holdings in EMCOR Group by 0.9% during the fourth quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company’s stock valued at $987,000 after purchasing an additional 15 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in EMCOR Group by 3.4% during the fourth quarter. Advisors Capital Management LLC now owns 450 shares of the construction company’s stock valued at $275,000 after purchasing an additional 15 shares in the last quarter. Finally, KPP Advisory Services LLC lifted its holdings in EMCOR Group by 3.9% during the fourth quarter. KPP Advisory Services LLC now owns 399 shares of the construction company’s stock valued at $244,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
EMCOR Group Stock Performance
Shares of EME opened at $847.53 on Friday. The company’s fifty day moving average is $836.52 and its 200 day moving average is $739.35. EMCOR Group, Inc. has a fifty-two week low of $455.14 and a fifty-two week high of $951.96. The stock has a market capitalization of $37.66 billion, a PE ratio of 28.43 and a beta of 1.12.
EMCOR Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s payout ratio is currently 5.37%.
Insider Buying and Selling at EMCOR Group
In related news, CFO Jason R. Nalbandian sold 800 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total value of $685,144.00. Following the sale, the chief financial officer owned 18,157 shares in the company, valued at approximately $15,550,199.51. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the completion of the sale, the director owned 10,149 shares in the company, valued at $9,395,741.22. This represents a 16.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,077 shares of company stock worth $8,155,191. Company insiders own 0.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on EME shares. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. UBS Group boosted their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Oppenheimer initiated coverage on shares of EMCOR Group in a report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 target price on the stock. Finally, Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus price target of $836.88.
View Our Latest Analysis on EMCOR Group
EMCOR Group Profile
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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