Advisor Group Inc. increased its position in Emcor (NYSE:EME) by 35.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,682 shares of the construction company’s stock after buying an additional 698 shares during the quarter. Advisor Group Inc.’s holdings in Emcor were worth $219,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in Emcor by 1.6% in the 4th quarter. Swiss National Bank now owns 101,500 shares of the construction company’s stock worth $8,298,000 after buying an additional 1,600 shares during the last quarter. Smith Asset Management Group LP lifted its position in Emcor by 205.1% in the fourth quarter. Smith Asset Management Group LP now owns 41,635 shares of the construction company’s stock valued at $3,404,000 after purchasing an additional 27,990 shares during the last quarter. State of Tennessee Treasury Department lifted its position in Emcor by 31.3% in the fourth quarter. State of Tennessee Treasury Department now owns 69,515 shares of the construction company’s stock valued at $5,683,000 after purchasing an additional 16,573 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Emcor in the third quarter valued at approximately $298,000. Finally, Palo Capital Inc. lifted its position in Emcor by 11.7% in the fourth quarter. Palo Capital Inc. now owns 45,154 shares of the construction company’s stock valued at $3,691,000 after purchasing an additional 4,714 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.
Shares of EME stock opened at $76.84 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. Emcor has a fifty-two week low of $60.30 and a fifty-two week high of $85.08. The company has a market capitalization of $4,552.53, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.16 and a beta of 0.92.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, April 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%. Emcor’s dividend payout ratio is presently 7.88%.
Several brokerages have weighed in on EME. Zacks Investment Research upgraded Emcor from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Monday, February 26th. DA Davidson reiterated a “neutral” rating on shares of Emcor in a research report on Friday, February 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price objective on shares of Emcor in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $86.00.
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EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
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