1,106 Shares in EMCOR Group, Inc. $EME Bought by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft purchased a new position in EMCOR Group, Inc. (NYSE:EME) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,106 shares of the construction company’s stock, valued at approximately $717,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Great Lakes Advisors LLC grew its position in shares of EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after purchasing an additional 144 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after buying an additional 106 shares in the last quarter. Sivia Capital Partners LLC bought a new position in EMCOR Group during the second quarter valued at approximately $459,000. Aberdeen Group plc grew its holdings in EMCOR Group by 139.9% during the 2nd quarter. Aberdeen Group plc now owns 2,742 shares of the construction company’s stock valued at $1,473,000 after buying an additional 1,599 shares in the last quarter. Finally, CWM LLC increased its stake in EMCOR Group by 49.1% in the 2nd quarter. CWM LLC now owns 8,299 shares of the construction company’s stock worth $4,439,000 after acquiring an additional 2,732 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 3.3%

Shares of EMCOR Group stock opened at $804.64 on Thursday. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $816.60. The firm has a market capitalization of $36.02 billion, a P/E ratio of 32.35 and a beta of 1.17. The company has a 50 day moving average price of $668.54 and a 200 day moving average price of $650.76.

EMCOR Group Increases Dividend

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

EMCOR Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, December 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

EME has been the topic of several recent research reports. Zacks Research cut shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. DA Davidson upped their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus raised their price objective on shares of EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $698.83.

About EMCOR Group

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.