Regents Gate Capital LLP Buys Shares of 15,741 EMCOR Group, Inc. (NYSE:EME)

Regents Gate Capital LLP bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,741 shares of the construction company’s stock, valued at approximately $7,145,000. EMCOR Group makes up 2.8% of Regents Gate Capital LLP’s portfolio, making the stock its 14th largest position.

A number of other large investors have also recently made changes to their positions in the stock. Perigon Wealth Management LLC increased its position in shares of EMCOR Group by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after buying an additional 19 shares during the period. Adirondack Trust Co. grew its stake in EMCOR Group by 5.0% during the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after acquiring an additional 20 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in EMCOR Group by 1.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after acquiring an additional 21 shares during the period. Caprock Group LLC lifted its stake in EMCOR Group by 0.4% in the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after purchasing an additional 22 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $90,000 after purchasing an additional 25 shares during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Down 1.3 %

Shares of EMCOR Group stock opened at $461.07 on Monday. The firm has a market capitalization of $21.21 billion, a PE ratio of 23.42 and a beta of 1.11. EMCOR Group, Inc. has a 12 month low of $238.94 and a 12 month high of $545.29. The business’s 50-day moving average price is $477.56 and its 200-day moving average price is $442.19.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a $0.25 dividend. 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 0.22%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Analyst Ratings Changes

Several research firms recently issued reports on EME. The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.