MONECO Advisors LLC Takes $701,000 Position in EMCOR Group, Inc. (NYSE:EME)

MONECO Advisors LLC bought a new position in EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,544 shares of the construction company’s stock, valued at approximately $701,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in shares of EMCOR Group by 8.4% in the third quarter. Sequoia Financial Advisors LLC now owns 697 shares of the construction company’s stock worth $300,000 after purchasing an additional 54 shares in the last quarter. Signaturefd LLC increased its stake in EMCOR Group by 11.7% in the 3rd quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock worth $202,000 after buying an additional 49 shares in the last quarter. International Assets Investment Management LLC bought a new stake in EMCOR Group during the third quarter valued at about $31,140,000. IFM Investors Pty Ltd raised its holdings in EMCOR Group by 7.1% during the third quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock valued at $3,969,000 after acquiring an additional 612 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in shares of EMCOR Group in the third quarter valued at about $2,329,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 12th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Price Performance

NYSE:EME opened at $403.75 on Monday. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 20.51 and a beta of 1.11. EMCOR Group, Inc. has a 1 year low of $254.09 and a 1 year high of $545.29. The stock’s 50 day simple moving average is $465.08 and its two-hundred day simple moving average is $448.15.

EMCOR Group Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 5.08%.

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.