Edge Capital Group LLC Has $228,000 Holdings in EMCOR Group, Inc. (NYSE:EME)

Edge Capital Group LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other large investors have also added to or reduced their stakes in the business. True Wealth Design LLC boosted its stake in shares of EMCOR Group by 3,466.7% during 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 position in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after purchasing an additional 94 shares during the last quarter. Prospera Private Wealth LLC bought a new position in EMCOR Group in the third quarter valued at approximately $55,000. Harbor Capital Advisors Inc. acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $62,000. Finally, Rakuten Securities Inc. raised its stake in shares of EMCOR Group by 4,025.0% during the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company’s stock worth $71,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $390.43 on Tuesday. EMCOR Group, Inc. has a one year low of $269.06 and a one year high of $545.29. The stock has a market cap of $17.96 billion, a price-to-earnings ratio of 19.83 and a beta of 1.11. The company has a fifty day moving average price of $463.19 and a two-hundred day moving average price of $448.38.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a dividend of $0.25 per share. 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 payout ratio is 5.08%.

Wall Street Analyst Weigh In

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

EMCOR Group Company 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.