Cumberland Partners Ltd Sells 1,500 Shares of EMCOR Group, Inc. (NYSE:EME)

Cumberland Partners Ltd reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 37.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,500 shares of the construction company’s stock after selling 1,500 shares during the period. Cumberland Partners Ltd’s holdings in EMCOR Group were worth $1,135,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. True Wealth Design LLC grew its holdings in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after purchasing an additional 104 shares during the period. SJS Investment Consulting Inc. grew its stake in shares of EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares during the period. Prospera Private Wealth LLC purchased a new stake in EMCOR Group in the 3rd quarter worth about $55,000. Harbor Capital Advisors Inc. bought a new stake in EMCOR Group in the 3rd quarter valued at about $62,000. Finally, Rakuten Securities Inc. lifted its holdings in EMCOR Group by 4,025.0% during the third quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock valued at $71,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.1 %

EMCOR Group stock opened at $434.55 on Thursday. EMCOR Group, Inc. has a 1-year low of $248.31 and a 1-year high of $545.29. The firm has a market capitalization of $19.99 billion, a PE ratio of 22.07 and a beta of 1.11. The firm’s 50 day simple moving average is $467.70 and its 200 day simple moving average is $446.48.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. 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 payout ratio is currently 5.08%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EME shares. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. Stifel Nicolaus began coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Finally, Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.