Wilmington Savings Fund Society FSB Acquires 1,139 Shares of EMCOR Group, Inc. (NYSE:EME)

Wilmington Savings Fund Society FSB boosted its stake in EMCOR Group, Inc. (NYSE:EME) by 119.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,090 shares of the construction company’s stock after acquiring an additional 1,139 shares during the period. Wilmington Savings Fund Society FSB’s holdings in EMCOR Group were worth $949,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EME. World Investment Advisors LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter worth about $100,282,000. Nordea Investment Management AB raised its stake in EMCOR Group by 2,246.2% in the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after buying an additional 136,501 shares in the last quarter. Swedbank AB lifted its holdings in EMCOR Group by 399.4% in the fourth quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock worth $69,648,000 after buying an additional 122,716 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in EMCOR Group by 45.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after acquiring an additional 88,074 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of EMCOR Group during the 3rd quarter worth approximately $31,140,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

EMCOR Group Trading Up 1.2 %

Shares of NYSE:EME opened at $467.06 on Tuesday. EMCOR Group, Inc. has a 12-month low of $238.94 and a 12-month high of $545.29. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 23.72 and a beta of 1.11. The stock has a fifty day simple moving average of $477.56 and a two-hundred day simple moving average of $442.79.

EMCOR Group Dividend Announcement

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

EMCOR Group 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.