J.W. Cole Advisors Inc. Makes New Investment in EMCOR Group, Inc. $EME

J.W. Cole Advisors Inc. bought a new stake in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,430 shares of the construction company’s stock, valued at approximately $929,000.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new stake in EMCOR Group in the third quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new stake in EMCOR Group during the 3rd quarter worth approximately $31,000. Tobam grew its stake in shares of EMCOR Group by 1,900.0% in the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after purchasing an additional 76 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EMCOR Group in the second quarter valued at approximately $43,000. Finally, True Wealth Design LLC raised its stake in shares of EMCOR Group by 333.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock worth $59,000 after purchasing an additional 70 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Up 1.7%

EME stock opened at $777.46 on Tuesday. The company’s 50-day moving average price is $661.27 and its 200 day moving average price is $648.67. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $787.90. The company has a market cap of $34.81 billion, a P/E ratio of 31.26 and a beta of 1.17.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 14th were issued a $0.40 dividend. The ex-dividend date was Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s payout ratio is currently 6.43%.

EMCOR Group announced that its board has approved a share buyback program on Thursday, December 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EME shares. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, January 21st. Zacks Research downgraded shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. DA Davidson increased their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus raised their price objective on shares of EMCOR Group from $713.00 to $754.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $698.83.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.