Global Retirement Partners LLC Boosts Stake in EMCOR Group, Inc. (NYSE:EME)

Global Retirement Partners LLC boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 48.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 628 shares of the construction company’s stock after acquiring an additional 204 shares during the period. Global Retirement Partners LLC’s holdings in EMCOR Group were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. True Wealth Design LLC boosted its holdings in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in EMCOR Group by 494.7% during 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 during the last quarter. Prospera Private Wealth LLC purchased a new stake in EMCOR Group in the 3rd quarter valued at $55,000. Harbor Capital Advisors Inc. acquired a new stake in shares of EMCOR Group in the 3rd quarter worth $62,000. Finally, Rakuten Securities Inc. boosted its position in shares of EMCOR Group by 4,025.0% during the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock valued at $71,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Down 3.4 %

EMCOR Group stock opened at $390.43 on Tuesday. EMCOR Group, Inc. has a twelve month low of $269.06 and a twelve month high of $545.29. The firm has a market capitalization of $17.96 billion, a P/E ratio of 19.83 and a beta of 1.11. The stock’s fifty day simple moving average is $463.19 and its 200-day simple moving average is $448.38.

EMCOR Group Announces Dividend

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 0.26%. EMCOR Group’s payout ratio is 5.08%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EME. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note 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 report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus 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.