Crestwood Advisors Group LLC Buys Shares of 1,830 EMCOR Group, Inc. (NYSE:EME)

Crestwood Advisors Group LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the fourth quarter, Holdings Channel.com reports. The fund bought 1,830 shares of the construction company’s stock, valued at approximately $831,000.

Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc increased its stake in EMCOR Group by 9.7% in the fourth quarter. IFP Advisors Inc now owns 1,669 shares of the construction company’s stock valued at $758,000 after purchasing an additional 147 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in EMCOR Group in the fourth quarter valued at $2,895,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in EMCOR Group by 3.9% in the fourth 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 in the last quarter. MONECO Advisors LLC bought a new stake in EMCOR Group in the fourth quarter valued at $701,000. Finally, Allianz Asset Management GmbH increased its stake in EMCOR Group by 20.2% in the fourth quarter. Allianz Asset Management GmbH now owns 219,943 shares of the construction company’s stock valued at $99,832,000 after purchasing an additional 37,018 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

EME has been the subject of several research analyst reports. Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Performance

EMCOR Group stock opened at $398.33 on Wednesday. EMCOR Group, Inc. has a fifty-two week low of $269.06 and a fifty-two week high of $545.29. The stock has a market cap of $18.32 billion, a PE ratio of 20.23 and a beta of 1.11. The firm’s 50-day simple moving average is $463.19 and its 200 day simple moving average is $448.38.

EMCOR Group Announces Dividend

The company also recently declared 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 yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

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.