Several other hedge funds have also made changes to their positions in EME. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of EMCOR Group during the second quarter worth $29,590,000. Prudential Financial Inc. raised its stake in shares of EMCOR Group by 58.1% in the third quarter. Prudential Financial Inc. now owns 783,179 shares of the company’s stock worth $46,693,000 after buying an additional 287,880 shares during the period. Northern Trust Corp raised its stake in shares of EMCOR Group by 16.7% in the third quarter. Northern Trust Corp now owns 1,616,914 shares of the company’s stock worth $96,400,000 after buying an additional 231,441 shares during the period. BlackRock Fund Advisors raised its stake in shares of EMCOR Group by 6.1% in the third quarter. BlackRock Fund Advisors now owns 3,168,827 shares of the company’s stock worth $188,925,000 after buying an additional 181,842 shares during the period. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of EMCOR Group during the third quarter worth $9,762,000. Institutional investors own 96.39% of the company’s stock.
Hahn Capital Management LLC raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 17.4% during the third quarter, Holdings Channel reports. The firm owned 390,512 shares of the company’s stock after buying an additional 57,755 shares during the period. EMCOR Group makes up 2.4% of Hahn Capital Management LLC’s holdings, making the stock its 26th largest position. Hahn Capital Management LLC’s holdings in EMCOR Group were worth $23,610,000 as of its most recent SEC filing.
EMCOR Group, Inc. (NYSE:EME) opened at 69.16 on Monday. The firm’s 50-day moving average price is $69.51 and its 200-day moving average price is $63.25. EMCOR Group, Inc. has a one year low of $44.16 and a one year high of $73.44. The company has a market cap of $4.19 billion, a PE ratio of 22.19 and a beta of 0.91.
The business also recently announced a quarterly dividend, which was paid on Monday, January 30th. Stockholders of record on Tuesday, January 17th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. EMCOR Group’s payout ratio is 10.29%.
EME has been the topic of several recent research reports. Zacks Investment Research cut EMCOR Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. Macquarie initiated coverage on EMCOR Group in a report on Friday, January 13th. They issued a “neutral” rating and a $73.00 price target on the stock. Finally, Stifel Nicolaus raised their price target on EMCOR Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Friday, October 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $64.60.
EMCOR Group Company Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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