Alliance Wealth Advisors LLC UT Reduces Stock Position in EMCOR Group, Inc. (NYSE:EME)

Alliance Wealth Advisors LLC UT lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 840 shares of the construction company’s stock after selling 51 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in EMCOR Group were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Koshinski Asset Management Inc. increased its stake in EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock worth $298,000 after buying an additional 26 shares during the period. Cumberland Partners Ltd raised its stake in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after acquiring an additional 1,500 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of EMCOR Group by 3,510.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock valued at $311,000 after purchasing an additional 667 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after purchasing an additional 34,553 shares in the last quarter. Finally, Independent Advisor Alliance increased its holdings in EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after purchasing an additional 1,049 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

EME opened at $445.21 on Wednesday. The firm has a market capitalization of $20.48 billion, a PE ratio of 22.61 and a beta of 1.11. The business’s 50-day moving average is $480.41 and its two-hundred day moving average is $440.87. EMCOR Group, Inc. has a 1 year low of $229.75 and a 1 year high of $545.29.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 payout ratio is currently 5.08%.

Wall Street Analyst Weigh In

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