Sequoia Financial Advisors LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME – Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 697 shares of the construction company’s stock after buying an additional 54 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in EMCOR Group were worth $300,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in EMCOR Group by 89.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock worth $7,595,000 after purchasing an additional 10,269 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of EMCOR Group by 92.8% during the 1st quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock valued at $35,901,000 after purchasing an additional 49,346 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in shares of EMCOR Group during the 1st quarter valued at $1,772,000. Norden Group LLC lifted its holdings in shares of EMCOR Group by 1,379.5% during the 1st quarter. Norden Group LLC now owns 46,352 shares of the construction company’s stock valued at $16,234,000 after purchasing an additional 43,219 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of EMCOR Group by 165.3% during the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after purchasing an additional 3,869 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on EME. DA Davidson raised their target price on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.
EMCOR Group Trading Up 0.8 %
EME stock opened at $431.96 on Tuesday. EMCOR Group, Inc. has a 12-month low of $203.57 and a 12-month high of $456.16. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 28.49 and a beta of 1.07. The business’s 50-day moving average is $411.96 and its 200 day moving average is $383.84.
EMCOR Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group’s payout ratio is presently 6.60%.
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.
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