Edge Capital Group LLC Purchases 33 Shares of EMCOR Group, Inc. (NYSE:EME)

Edge Capital Group LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 502 shares of the construction company’s stock after purchasing an additional 33 shares during the quarter. Edge Capital Group LLC’s holdings in EMCOR Group were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC bought a new stake in shares of EMCOR Group during the fourth quarter worth approximately $831,000. IFP Advisors Inc grew its holdings in EMCOR Group by 9.7% during the 4th quarter. IFP Advisors Inc now owns 1,669 shares of the construction company’s stock worth $758,000 after acquiring an additional 147 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of EMCOR Group during the 4th quarter valued at $2,895,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of EMCOR Group by 3.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,200 shares of the construction company’s stock valued at $5,991,000 after purchasing an additional 500 shares during the period. Finally, MONECO Advisors LLC bought a new position in shares of EMCOR Group in the 4th quarter worth $701,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $390.43 on Tuesday. The company has a market capitalization of $17.96 billion, a P/E ratio of 19.83 and a beta of 1.11. EMCOR Group, Inc. has a 1 year low of $269.06 and a 1 year high of $545.29. The business has a 50-day moving average of $463.19 and a two-hundred day moving average of $448.38.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio is 5.08%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.