Regents Gate Capital LLP Acquires Shares of 15,741 EMCOR Group, Inc. (NYSE:EME)

Regents Gate Capital LLP bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,741 shares of the construction company’s stock, valued at approximately $7,145,000. EMCOR Group accounts for 2.8% of Regents Gate Capital LLP’s investment portfolio, making the stock its 14th largest position.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in EMCOR Group in the 3rd quarter worth approximately $33,000. True Wealth Design LLC raised its holdings in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after acquiring an additional 104 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of EMCOR Group during the third quarter valued at approximately $49,000. SJS Investment Consulting Inc. lifted its stake in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in EMCOR Group in the third quarter valued at $55,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Down 1.3 %

EME stock opened at $461.07 on Monday. The stock’s 50 day simple moving average is $477.56 and its 200 day simple moving average is $442.19. 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 $21.21 billion, a PE ratio of 23.42 and a beta of 1.11.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s payout ratio is currently 5.08%.

Analyst Ratings Changes

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

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.