Equitable Trust Co. Sells 535 Shares of EMCOR Group, Inc. (NYSE:EME)

Equitable Trust Co. trimmed its position in EMCOR Group, Inc. (NYSE:EME) by 19.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,275 shares of the construction company’s stock after selling 535 shares during the period. Equitable Trust Co.’s holdings in EMCOR Group were worth $1,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in EMCOR Group during the 3rd quarter worth approximately $33,000. True Wealth Design LLC increased its holdings in 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 purchasing an additional 104 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC bought a new stake in EMCOR Group during the 3rd quarter worth approximately $55,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Up 1.2 %

Shares of NYSE EME opened at $467.06 on Tuesday. EMCOR Group, Inc. has a twelve month low of $238.94 and a twelve month high of $545.29. The stock’s 50 day moving average price is $477.56 and its 200-day moving average price is $442.79. The company has a market capitalization of $21.48 billion, a PE ratio of 23.72 and a beta of 1.11.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.21%. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EME shares. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.