Cumberland Partners Ltd Has $1.14 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Cumberland Partners Ltd lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 37.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,500 shares of the construction company’s stock after selling 1,500 shares during the period. Cumberland Partners Ltd’s holdings in EMCOR Group were worth $1,135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its position 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 purchasing an additional 24,541 shares in the last quarter. Geode Capital Management LLC raised 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 worth $428,313,000 after buying an additional 49,137 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in EMCOR Group by 21.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company’s stock worth $196,500,000 after acquiring an additional 75,578 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in EMCOR Group by 11.4% in the third 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 acquiring an additional 34,226 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of EMCOR Group by 45.2% during the third 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 acquiring an additional 88,074 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

Shares of EME stock opened at $434.55 on Thursday. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 22.07 and a beta of 1.11. EMCOR Group, Inc. has a 52-week low of $248.31 and a 52-week high of $545.29. The company has a 50-day simple moving average of $467.70 and a two-hundred day simple moving average of $446.48.

EMCOR Group Announces Dividend

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

Analysts Set New Price Targets

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

EMCOR Group 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.