EMCOR Group, Inc. (NYSE:EME) Stock Holdings Increased by Geneva Partners LLC

Geneva Partners LLC increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 213.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,233 shares of the construction company’s stock after acquiring an additional 8,326 shares during the period. EMCOR Group comprises about 2.3% of Geneva Partners LLC’s holdings, making the stock its 15th largest holding. Geneva Partners LLC’s holdings in EMCOR Group were worth $5,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp grew its position in shares of EMCOR Group by 1.5% in the third quarter. State Street Corp now owns 1,612,782 shares of the construction company’s stock valued at $694,351,000 after purchasing an additional 24,541 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of EMCOR Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company’s stock valued at $428,313,000 after buying an additional 49,137 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of EMCOR Group by 4.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock worth $152,427,000 after purchasing an additional 14,447 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of EMCOR Group by 11.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company’s stock valued at $144,016,000 after buying an additional 34,226 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in EMCOR Group by 45.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after acquiring an additional 88,074 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 2.7 %

Shares of NYSE EME opened at $456.92 on Thursday. The firm has a market cap of $21.02 billion, a PE ratio of 23.21 and a beta of 1.11. EMCOR Group, Inc. has a twelve month low of $232.92 and a twelve month high of $545.29. The business has a fifty day simple moving average of $479.39 and a two-hundred day simple moving average of $440.98.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

Analyst Upgrades and Downgrades

EME has been the subject of a number of research reports. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $518.75.

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.