Osmosis Investment Management UK Ltd acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,157 shares of the construction company’s stock, valued at approximately $960,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Swiss RE Ltd. acquired a new position in EMCOR Group in the fourth quarter valued at $25,000. Ascentis Independent Advisors acquired a new stake in EMCOR Group during the first quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of EMCOR Group in the 4th quarter worth about $28,000. Activest Wealth Management raised its holdings in shares of EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after purchasing an additional 48 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its stake in shares of EMCOR Group by 4,700.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after purchasing an additional 47 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.
EMCOR Group Stock Performance
Shares of NYSE:EME opened at $765.23 on Tuesday. The business’s 50-day simple moving average is $795.86 and its 200 day simple moving average is $801.09. The company has a market cap of $33.75 billion, a P/E ratio of 23.80 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96.
EMCOR Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.40 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.98%.
Analyst Ratings Changes
A number of research firms recently issued reports on EME. DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. Cantor Fitzgerald decreased their price objective on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $965.86.
View Our Latest Stock Analysis on EME
Insiders Place Their Bets
In related news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the sale, the director directly owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.73% of the company’s stock.
EMCOR Group Company Profile
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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