Hantz Financial Services Inc. Has $13.92 Million Stock Position in EMCOR Group, Inc. $EME

Hantz Financial Services Inc. lessened its position in EMCOR Group, Inc. (NYSE:EME) by 15.9% in the third quarter, Holdings Channel.com reports. The firm owned 21,429 shares of the construction company’s stock after selling 4,051 shares during the quarter. Hantz Financial Services Inc.’s holdings in EMCOR Group were worth $13,919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EME. Quent Capital LLC bought a new position in EMCOR Group during the 3rd quarter worth approximately $29,000. Orion Capital Management LLC acquired a new stake in EMCOR Group during the 3rd quarter worth about $31,000. Tobam raised its position in shares of EMCOR Group by 1,900.0% in the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after acquiring an additional 76 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EMCOR Group in the 2nd quarter valued at about $43,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of EMCOR Group by 37.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock valued at $59,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. DA Davidson lifted their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. Stifel Nicolaus boosted their price objective on EMCOR Group from $713.00 to $754.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $698.83.

EMCOR Group Price Performance

Shares of EME stock opened at $744.37 on Wednesday. The firm has a 50-day moving average of $650.81 and a 200-day moving average of $643.77. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64. The company has a market cap of $33.33 billion, a P/E ratio of 29.93 and a beta of 1.17.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is 6.43%.

EMCOR Group announced that its Board of Directors has approved a share buyback plan on Thursday, December 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

About EMCOR Group

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.