Arcus Capital Partners LLC Grows Holdings in EMCOR Group, Inc. (NYSE:EME)

Arcus Capital Partners LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,071 shares of the construction company’s stock after purchasing an additional 192 shares during the quarter. Arcus Capital Partners LLC’s holdings in EMCOR Group were worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after buying an additional 94 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in EMCOR Group in the third quarter valued at about $49,000. Prospera Private Wealth LLC purchased a new position in EMCOR Group in the third quarter valued at about $55,000. Finally, Harbor Capital Advisors Inc. purchased a new position in EMCOR Group in the third quarter valued at about $62,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EME shares. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Price Performance

NYSE:EME opened at $427.44 on Friday. The company has a market cap of $19.66 billion, a P/E ratio of 21.71 and a beta of 1.11. The stock’s fifty day moving average price is $473.89 and its two-hundred day moving average price is $444.14. EMCOR Group, Inc. has a 1 year low of $243.99 and a 1 year high of $545.29.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.23%. EMCOR Group’s dividend payout ratio is currently 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.