Consolidated Portfolio Review Corp Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Consolidated Portfolio Review Corp acquired a new stake in EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, HoldingsChannel reports. The firm acquired 4,773 shares of the construction company’s stock, valued at approximately $2,166,000.

Other hedge funds have also made changes to their positions in the company. Koshinski Asset Management Inc. increased its stake in EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $298,000 after purchasing an additional 26 shares during the last quarter. Cumberland Partners Ltd boosted its holdings in shares of EMCOR Group by 60.0% in the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after buying an additional 1,500 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of EMCOR Group by 3,510.5% in the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock valued at $311,000 after buying an additional 667 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after acquiring an additional 34,553 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in EMCOR Group by 25.0% in the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock valued at $2,261,000 after acquiring an additional 1,049 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 2.1 %

EME opened at $466.43 on Friday. EMCOR Group, Inc. has a 52 week low of $237.64 and a 52 week high of $545.29. The business has a 50 day moving average price of $479.39 and a two-hundred day moving average price of $440.98. The company has a market cap of $21.46 billion, a PE ratio of 23.69 and a beta of 1.11.

EMCOR Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EME shares. Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. 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. Finally, Northcoast Research began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.