Empowered Funds LLC Cuts Stock Position in EMCOR Group, Inc. (NYSE:EME)

Empowered Funds LLC decreased its holdings in EMCOR Group, Inc. (NYSE:EME) by 42.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,682 shares of the construction company’s stock after selling 16,583 shares during the quarter. Empowered Funds LLC’s holdings in EMCOR Group were worth $10,295,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. CWM LLC grew its stake in shares of EMCOR Group by 87.9% in the third quarter. CWM LLC now owns 4,243 shares of the construction company’s stock worth $1,827,000 after acquiring an additional 1,985 shares in the last quarter. UMB Bank n.a. boosted its holdings in EMCOR Group by 6.3% in the third quarter. UMB Bank n.a. now owns 1,041 shares of the construction company’s stock valued at $448,000 after purchasing an additional 62 shares during the period. Brown Miller Wealth Management LLC acquired a new position in EMCOR Group during the 3rd quarter worth $215,000. Exchange Traded Concepts LLC increased its holdings in EMCOR Group by 104.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,127 shares of the construction company’s stock worth $485,000 after purchasing an additional 577 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in EMCOR Group in the 3rd quarter valued at about $502,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Down 1.3 %

Shares of EME opened at $461.07 on Monday. EMCOR Group, Inc. has a 52-week low of $238.94 and a 52-week high of $545.29. The stock has a 50 day moving average price of $477.56 and a 200 day moving average price of $442.19. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 23.42 and a beta of 1.11.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a $0.25 dividend. 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 dividend payout ratio (DPR) is 5.08%.

Analyst Ratings Changes

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

About EMCOR Group

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.