Fiera Capital Corp Trims Stake in EMCOR Group, Inc. (NYSE:EME)

Fiera Capital Corp lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,531 shares of the construction company’s stock after selling 4,018 shares during the quarter. Fiera Capital Corp owned about 0.37% of EMCOR Group worth $76,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter valued at $33,000. True Wealth Design LLC lifted its stake in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of EMCOR Group in the third quarter worth approximately $49,000. SJS Investment Consulting Inc. grew its holdings in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after buying an additional 94 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in EMCOR Group during the 3rd quarter valued at about $55,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

EMCOR Group Trading Down 3.0 %

EMCOR Group stock opened at $432.94 on Thursday. EMCOR Group, Inc. has a 52 week low of $238.94 and a 52 week high of $545.29. The stock has a market cap of $19.92 billion, a P/E ratio of 21.99 and a beta of 1.11. The stock has a 50 day moving average of $475.53 and a 200-day moving average of $444.22.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

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.