6,377 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,377 shares of the construction company’s stock, valued at approximately $2,895,000.

Other hedge funds also recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of EMCOR Group by 3.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,200 shares of the construction company’s stock worth $5,991,000 after buying an additional 500 shares during the last quarter. MONECO Advisors LLC acquired a new position in EMCOR Group in the fourth quarter valued at approximately $701,000. Allianz Asset Management GmbH lifted its holdings in EMCOR Group by 20.2% in the fourth quarter. Allianz Asset Management GmbH now owns 219,943 shares of the construction company’s stock valued at $99,832,000 after acquiring an additional 37,018 shares during the period. Forte Capital LLC ADV boosted its position in EMCOR Group by 4.0% in the 4th quarter. Forte Capital LLC ADV now owns 1,139 shares of the construction company’s stock worth $517,000 after purchasing an additional 44 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of EMCOR Group by 836.7% during the 4th quarter. Ieq Capital LLC now owns 14,603 shares of the construction company’s stock worth $6,628,000 after purchasing an additional 13,044 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 3.4 %

EME opened at $390.43 on Tuesday. The firm’s fifty day simple moving average is $463.19 and its two-hundred day simple moving average is $448.38. EMCOR Group, Inc. has a 52-week low of $269.06 and a 52-week high of $545.29. The company has a market cap of $17.96 billion, a price-to-earnings ratio of 19.83 and a beta of 1.11.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EME shares. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

About EMCOR Group

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.