Van ECK Associates Corp Raises Stock Position in EMCOR Group, Inc. (NYSE:EME)

Van ECK Associates Corp increased its stake in EMCOR Group, Inc. (NYSE:EME) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,903 shares of the construction company’s stock after acquiring an additional 502 shares during the quarter. Van ECK Associates Corp’s holdings in EMCOR Group were worth $4,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group during the 3rd quarter worth $49,000. SJS Investment Consulting Inc. boosted its stake in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in EMCOR Group during the 3rd quarter worth $55,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in EMCOR Group during the 3rd quarter worth $62,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $433.64 on Wednesday. The firm has a market capitalization of $19.95 billion, a PE ratio of 22.02 and a beta of 1.11. The firm’s 50-day moving average is $469.45 and its two-hundred day moving average is $445.97. EMCOR Group, Inc. has a 1 year low of $248.31 and a 1 year high of $545.29.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Wall Street Analysts Forecast Growth

EME has been the topic of several recent research reports. The Goldman Sachs Group initiated 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 on the stock. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. Finally, StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus 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.