Los Angeles Capital Management LLC Grows Position in EMCOR Group, Inc. (NYSE:EME)

Los Angeles Capital Management LLC raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 240,639 shares of the construction company’s stock after purchasing an additional 7,670 shares during the quarter. Los Angeles Capital Management LLC’s holdings in EMCOR Group were worth $109,226,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EME. True Wealth Design LLC grew its holdings 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 valued at $46,000 after buying an additional 104 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of EMCOR Group by 494.7% in the 4th 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 during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $55,000. Harbor Capital Advisors Inc. bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $62,000. Finally, Rakuten Securities Inc. lifted its stake in shares of EMCOR Group by 4,025.0% in the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock valued at $71,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EME shares. Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They set 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 note on Wednesday, February 12th. Finally, The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Stock Performance

EMCOR Group stock opened at $390.43 on Tuesday. The business’s 50-day simple moving average is $463.19 and its two-hundred day simple moving average is $448.38. The company has a market cap of $17.96 billion, a PE ratio of 19.83 and a beta of 1.11. EMCOR Group, Inc. has a fifty-two week low of $269.06 and a fifty-two week high of $545.29.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.26%. EMCOR Group’s dividend payout ratio (DPR) is currently 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.