Saturna Capital Corp grew its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 58.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,753 shares of the construction company’s stock after buying an additional 650 shares during the quarter. Saturna Capital Corp’s holdings in EMCOR Group were worth $1,072,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of EME. Barnes Dennig Private Wealth Management LLC bought a new position in shares of EMCOR Group in the fourth quarter valued at approximately $26,000. Main Street Group LTD increased its holdings in shares of EMCOR Group by 110.0% in the third quarter. Main Street Group LTD now owns 42 shares of the construction company’s stock valued at $27,000 after purchasing an additional 22 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $28,000. Activest Wealth Management increased its holdings in shares of EMCOR Group by 800.0% in the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock valued at $33,000 after purchasing an additional 48 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its holdings in shares of EMCOR Group by 71.9% in the fourth quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock valued at $34,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.
EMCOR Group Stock Down 6.1%
Shares of EME stock opened at $776.96 on Thursday. EMCOR Group, Inc. has a 12-month low of $464.21 and a 12-month high of $951.96. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 26.06 and a beta of 1.12. The firm has a fifty day moving average of $842.94 and a 200-day moving average of $745.19.
EMCOR Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, April 16th. EMCOR Group’s payout ratio is currently 5.37%.
Insider Activity at EMCOR Group
In related news, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the sale, the director directly owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. The trade was a 16.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert Peter Lind sold 675 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the sale, the vice president directly owned 4,216 shares in the company, valued at $3,770,242.32. This represents a 13.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,077 shares of company stock valued at $8,155,191. 0.83% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on EME shares. UBS Group raised their price target on shares of EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a report on Friday, March 6th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Oppenheimer started coverage on shares of EMCOR Group in a report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price for the company. Finally, Cantor Fitzgerald started coverage on shares of EMCOR Group in a report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 target price for the company. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $836.88.
Check Out Our Latest Report on EME
EMCOR Group Profile
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.
Read More
- Five stocks we like better than EMCOR Group
- As Shares Fall, Analyst Are Boosting their Broadcom Price Targets
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME – Free Report).
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.
