Forte Capital LLC ADV Buys 44 Shares of EMCOR Group, Inc. (NYSE:EME)

Forte Capital LLC ADV lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,139 shares of the construction company’s stock after acquiring an additional 44 shares during the quarter. Forte Capital LLC ADV’s holdings in EMCOR Group were worth $517,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of EMCOR Group by 1.5% during the 3rd quarter. State Street Corp now owns 1,612,782 shares of the construction company’s stock worth $694,351,000 after acquiring an additional 24,541 shares in the last quarter. Geode Capital Management LLC boosted its stake in EMCOR Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company’s stock valued at $428,313,000 after purchasing an additional 49,137 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in EMCOR Group by 21.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company’s stock valued at $196,500,000 after purchasing an additional 75,578 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in EMCOR Group by 11.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company’s stock valued at $144,016,000 after purchasing an additional 34,226 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in EMCOR Group by 45.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after purchasing an additional 88,074 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 4.9 %

EMCOR Group stock opened at $403.75 on Friday. The business has a 50 day moving average price of $466.58 and a two-hundred day moving average price of $446.33. The stock 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 12 month low of $254.09 and a 12 month high of $545.29.

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 issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.25%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EME shares. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. Finally, StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, EMCOR Group presently has a consensus 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.