Empowered Funds LLC Decreases Position in EMCOR Group, Inc. (NYSE:EME)

Empowered Funds LLC reduced its position in shares of EMCOR Group, Inc. (NYSE:EME) by 42.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,682 shares of the construction company’s stock after selling 16,583 shares during the period. Empowered Funds LLC’s holdings in EMCOR Group were worth $10,295,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in EMCOR Group in the 3rd quarter valued at $33,000. True Wealth Design LLC grew its holdings in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group in the third quarter valued at about $49,000. SJS Investment Consulting Inc. lifted its stake in shares of EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after buying an additional 94 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in EMCOR Group during the third quarter worth about $55,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Down 1.3 %

EME stock opened at $461.07 on Monday. EMCOR Group, Inc. has a 52-week low of $238.94 and a 52-week high of $545.29. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 23.42 and a beta of 1.11. The business has a fifty day moving average of $477.56 and a two-hundred day moving average of $442.19.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EME. Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Company 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.