Machina Capital S.A.S. Invests $1.07 Million in EMCOR Group, Inc. $EME

Machina Capital S.A.S. purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,653 shares of the construction company’s stock, valued at approximately $1,074,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in EMCOR Group by 3.0% in the third quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock valued at $362,000 after acquiring an additional 16 shares during the period. Woodward Diversified Capital LLC boosted its stake in EMCOR Group by 2.4% in the 3rd quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock worth $494,000 after purchasing an additional 18 shares during the period. Altus Wealth Group LLC raised its position in shares of EMCOR Group by 1.4% in the third quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock worth $971,000 after buying an additional 20 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in shares of EMCOR Group by 2.1% in the 2nd quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock worth $584,000 after buying an additional 22 shares during the last quarter. Finally, Archer Investment Corp lifted its position in EMCOR Group by 2.6% in the 3rd quarter. Archer Investment Corp now owns 858 shares of the construction company’s stock worth $557,000 after buying an additional 22 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 4.8%

EME opened at $708.96 on Thursday. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $778.64. The stock has a market cap of $31.74 billion, a PE ratio of 28.51 and a beta of 1.17. The business has a 50 day moving average of $652.77 and a 200-day moving average of $644.22.

EMCOR Group announced that its board has approved a share repurchase plan on Thursday, December 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 14th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, January 14th. EMCOR Group’s dividend payout ratio is currently 6.43%.

Analyst Ratings Changes

A number of brokerages have commented on EME. Wall Street Zen cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Stifel Nicolaus upped their price target on shares of EMCOR Group from $713.00 to $754.00 and gave the company a “buy” rating in a report on Monday, January 26th. DA Davidson boosted their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $698.83.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.