Wilmington Savings Fund Society FSB Increases Stock Position in EMCOR Group, Inc. (NYSE:EME)

Wilmington Savings Fund Society FSB raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 119.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,090 shares of the construction company’s stock after acquiring an additional 1,139 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in EMCOR Group were worth $949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in shares of EMCOR Group by 1.5% during the third quarter. State Street Corp now owns 1,612,782 shares of the construction company’s stock valued at $694,351,000 after purchasing an additional 24,541 shares during the last quarter. Geode Capital Management LLC grew its position in EMCOR Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company’s stock worth $428,313,000 after purchasing an additional 49,137 shares during the period. Allspring Global Investments Holdings LLC raised its stake in EMCOR Group by 4.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock valued at $152,427,000 after buying an additional 14,447 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of EMCOR Group by 11.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company’s stock valued at $144,016,000 after buying an additional 34,226 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of EMCOR Group by 45.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock worth $121,871,000 after buying an additional 88,074 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 1.2 %

EME stock opened at $467.06 on Tuesday. The business’s 50-day moving average price is $477.56 and its 200-day moving average price is $442.79. The stock has a market cap of $21.48 billion, a P/E ratio of 23.72 and a beta of 1.11. EMCOR Group, Inc. has a twelve month low of $238.94 and a twelve month high of $545.29.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Analysts Set New Price Targets

EME has been the topic of a number of recent research reports. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

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.