Equitable Trust Co. Reduces Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Equitable Trust Co. decreased its position in EMCOR Group, Inc. (NYSE:EME) by 19.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,275 shares of the construction company’s stock after selling 535 shares during the period. Equitable Trust Co.’s holdings in EMCOR Group were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in EMCOR Group during the 3rd quarter valued at $33,000. True Wealth Design LLC raised 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 acquiring an additional 104 shares during the period. Northwest Investment Counselors LLC bought a new stake in EMCOR Group during the 3rd quarter valued at $49,000. SJS Investment Consulting Inc. raised its holdings in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after acquiring an additional 94 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in EMCOR Group during the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of analyst reports. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com raised shares of 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 given a strong buy rating to the company’s 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 Stock Performance

EMCOR Group stock opened at $467.06 on Tuesday. The stock has a market cap of $21.48 billion, a P/E ratio of 23.72 and a beta of 1.11. EMCOR Group, Inc. has a fifty-two week low of $238.94 and a fifty-two week high of $545.29. The firm’s fifty day moving average price is $477.56 and its 200-day moving average price is $442.79.

EMCOR Group Announces Dividend

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

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.