Consolidated Portfolio Review Corp Buys Shares of 4,773 EMCOR Group, Inc. (NYSE:EME)

Consolidated Portfolio Review Corp purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,773 shares of the construction company’s stock, valued at approximately $2,166,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EME. State Street Corp boosted its stake in EMCOR Group by 1.5% during the third quarter. State Street Corp now owns 1,612,782 shares of the construction company’s stock worth $694,351,000 after buying an additional 24,541 shares during the period. Geode Capital Management LLC lifted its holdings in shares of EMCOR Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company’s stock worth $428,313,000 after acquiring an additional 49,137 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of EMCOR Group by 4.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock worth $152,427,000 after purchasing an additional 14,447 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in EMCOR Group by 11.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company’s stock valued at $144,016,000 after purchasing an additional 34,226 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in EMCOR Group by 45.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after purchasing an additional 88,074 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

EME opened at $466.43 on Friday. The business has a fifty day moving average price of $479.39 and a 200 day moving average price of $440.98. EMCOR Group, Inc. has a 12 month low of $237.64 and a 12 month high of $545.29. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of 23.69 and a beta of 1.11.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EME. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.