CIBC Asset Management Inc Boosts Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

CIBC Asset Management Inc boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,562 shares of the construction company’s stock after buying an additional 199 shares during the period. CIBC Asset Management Inc’s holdings in EMCOR Group were worth $709,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after purchasing an additional 94 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of EMCOR Group in the third quarter valued at approximately $55,000. Harbor Capital Advisors Inc. purchased a new stake in shares of EMCOR Group in the third quarter valued at approximately $62,000. Finally, Rakuten Securities Inc. grew its position in shares of EMCOR Group by 4,025.0% in 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 in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EME shares. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 12th. 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. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Performance

EME opened at $403.75 on Friday. EMCOR Group, Inc. has a one year low of $254.09 and a one year high of $545.29. The stock has a market capitalization of $18.57 billion, a PE ratio of 20.51 and a beta of 1.11. The business’s 50 day moving average price is $465.08 and its 200 day moving average price is $447.45.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a $0.25 dividend. 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 presently 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.