EMCOR Group, Inc. (NYSE:EME) Shares Sold by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 44.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 775 shares of the construction company’s stock after selling 625 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in EMCOR Group were worth $352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EME. Creative Planning raised its stake in EMCOR Group by 5.3% during the 3rd quarter. Creative Planning now owns 9,939 shares of the construction company’s stock worth $4,279,000 after acquiring an additional 504 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in EMCOR Group by 8.4% in the third quarter. Sequoia Financial Advisors LLC now owns 697 shares of the construction company’s stock valued at $300,000 after purchasing an additional 54 shares during the period. Signaturefd LLC increased its stake in EMCOR Group by 11.7% in the third quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock valued at $202,000 after purchasing an additional 49 shares during the period. International Assets Investment Management LLC acquired a new position in EMCOR Group in the third quarter valued at $31,140,000. Finally, IFM Investors Pty Ltd increased its stake in EMCOR Group by 7.1% in the third quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock valued at $3,969,000 after purchasing an additional 612 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on EME shares. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group started 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 on the stock. Finally, StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Down 4.9 %

Shares of NYSE:EME opened at $403.75 on Friday. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 20.51 and a beta of 1.11. The firm’s 50-day simple moving average is $466.58 and its 200-day simple moving average is $446.33. EMCOR Group, Inc. has a fifty-two week low of $254.09 and a fifty-two week high of $545.29.

EMCOR Group Announces Dividend

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

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.