EMCOR Group, Inc. (NYSE:EME) Stock Position Reduced by Fiera Capital Corp

Fiera Capital Corp cut its position in shares of EMCOR Group, Inc. (NYSE:EME) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 168,531 shares of the construction company’s stock after selling 4,018 shares during the period. Fiera Capital Corp’s holdings in EMCOR Group were worth $76,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of EMCOR Group by 87.9% during the third quarter. CWM LLC now owns 4,243 shares of the construction company’s stock worth $1,827,000 after buying an additional 1,985 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of EMCOR Group by 104.9% during the third quarter. Exchange Traded Concepts LLC now owns 1,127 shares of the construction company’s stock valued at $485,000 after acquiring an additional 577 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at $33,000. Creative Planning grew its stake in EMCOR Group by 5.3% during the third quarter. Creative Planning now owns 9,939 shares of the construction company’s stock worth $4,279,000 after buying an additional 504 shares during the last quarter. Finally, Swedbank AB grew its position in EMCOR Group by 27.7% during the 3rd quarter. Swedbank AB now owns 30,727 shares of the construction company’s stock worth $13,229,000 after acquiring an additional 6,664 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EME stock opened at $432.94 on Thursday. The company’s 50-day simple moving average is $475.53 and its 200 day simple moving average is $444.22. EMCOR Group, Inc. has a 52 week low of $238.94 and a 52 week high of $545.29. The company has a market capitalization of $19.92 billion, a PE ratio of 21.99 and a beta of 1.11.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average price target 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.