Tilia Fiduciary Partners Inc. lifted its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,321 shares of the construction company’s stock after buying an additional 275 shares during the period. EMCOR Group comprises 1.4% of Tilia Fiduciary Partners Inc.’s portfolio, making the stock its 29th largest holding. Tilia Fiduciary Partners Inc.’s holdings in EMCOR Group were worth $2,311,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Pacer Advisors Inc. lifted its position in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after purchasing an additional 521,147 shares during the period. New Vernon Capital Holdings II LLC bought a new position in EMCOR Group during the first quarter valued at approximately $114,220,000. Jones Financial Companies Lllp lifted its position in EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock valued at $105,881,000 after purchasing an additional 285,942 shares during the period. AQR Capital Management LLC lifted its position in EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after purchasing an additional 213,631 shares during the period. Finally, Nuveen LLC bought a new position in EMCOR Group during the first quarter valued at approximately $71,821,000. Institutional investors own 92.59% of the company’s stock.
EMCOR Group Stock Performance
Shares of NYSE EME opened at $654.76 on Friday. The firm has a fifty day moving average price of $627.32 and a 200-day moving average price of $516.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market cap of $29.31 billion, a PE ratio of 27.17 and a beta of 1.24. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64.
EMCOR Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.15%.
Analyst Ratings Changes
A number of brokerages recently weighed in on EME. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upped their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a report on Tuesday, July 8th. TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a “buy” rating for the company. William Blair started coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $594.50.
Read Our Latest Research Report on EME
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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