New Age Alpha Advisors LLC decreased its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 60.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,760 shares of the construction company’s stock after selling 4,307 shares during the quarter. New Age Alpha Advisors LLC’s holdings in EMCOR Group were worth $1,689,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. acquired a new position in EMCOR Group during the 3rd quarter worth about $445,000. Machina Capital S.A.S. acquired a new position in EMCOR Group during the 3rd quarter worth about $1,074,000. Wealth Enhancement Advisory Services LLC lifted its position in EMCOR Group by 12.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock worth $7,972,000 after buying an additional 1,389 shares in the last quarter. Public Sector Pension Investment Board lifted its position in EMCOR Group by 18.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 23,982 shares of the construction company’s stock worth $15,577,000 after buying an additional 3,783 shares in the last quarter. Finally, Sierra Summit Advisors LLC acquired a new position in EMCOR Group during the 3rd quarter worth about $5,459,000. Institutional investors own 92.59% of the company’s stock.
EMCOR Group Price Performance
Shares of NYSE:EME opened at $856.94 on Thursday. The company has a market capitalization of $38.08 billion, a price-to-earnings ratio of 28.75 and a beta of 1.17. The firm’s 50 day simple moving average is $825.21 and its 200 day simple moving average is $730.95. EMCOR Group, Inc. has a fifty-two week low of $455.14 and a fifty-two week high of $951.96.
EMCOR Group Announces Dividend
The company 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.37%.
Analyst Ratings Changes
EME has been the topic of several research reports. Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target on the stock. UBS Group upped their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a research report on Thursday, April 30th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $799.29.
Read Our Latest Stock Analysis on EME
Insiders Place Their Bets
In other EMCOR Group news, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the sale, the chief financial officer directly owned 18,157 shares in the company, valued at approximately $15,550,199.51. This trade represents a 4.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert Peter Lind sold 675 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total transaction of $603,632.25. Following the sale, the vice president owned 4,216 shares in the company, valued at $3,770,242.32. This trade represents a 13.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,077 shares of company stock worth $34,416,471 over the last ninety days. Company insiders own 0.83% of the company’s stock.
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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