Bessemer Group Inc. increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,935 shares of the company’s stock after buying an additional 235 shares during the period. Bessemer Group Inc.’s holdings in EMCOR Group were worth $2,755,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Century Capital Management LLC bought a new stake in shares of EMCOR Group during the fourth quarter valued at approximately $1,484,000. Russell Investments Group Ltd. acquired a new position in shares of EMCOR Group during the fourth quarter valued at about $5,796,000. ETRADE Capital Management LLC raised its position in shares of EMCOR Group by 19.3% in the third quarter. ETRADE Capital Management LLC now owns 5,145 shares of the company’s stock valued at $307,000 after buying an additional 833 shares during the period. Hahn Capital Management LLC raised its position in shares of EMCOR Group by 17.4% in the third quarter. Hahn Capital Management LLC now owns 390,512 shares of the company’s stock valued at $23,610,000 after buying an additional 57,755 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of EMCOR Group during the third quarter valued at about $5,404,000. Institutional investors and hedge funds own 96.39% of the company’s stock.
Shares of EMCOR Group, Inc. (NYSE:EME) traded up 0.75% during trading on Monday, hitting $69.68. The stock had a trading volume of 91,881 shares. The firm has a 50 day moving average price of $69.51 and a 200-day moving average price of $63.25. EMCOR Group, Inc. has a 52 week low of $43.63 and a 52 week high of $73.44. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 22.35 and a beta of 0.91.
The company also recently declared a quarterly dividend, which was paid on Monday, January 30th. Investors of record on Tuesday, January 17th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, January 12th. This represents a $0.32 annualized dividend and a yield of 0.46%. EMCOR Group’s dividend payout ratio is currently 10.29%.
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Several equities analysts have issued reports on the company. Stifel Nicolaus boosted their price target on EMCOR Group from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 28th. Zacks Investment Research raised EMCOR Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, October 31st. Finally, Macquarie assumed coverage on EMCOR Group in a research note on Friday, January 13th. They issued a “neutral” rating and a $73.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. EMCOR Group presently has an average rating of “Hold” and a consensus target price of $64.60.
About EMCOR Group
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides a number of building services and industrial services. The Company’s segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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