AustralianSuper Pty Ltd Has $20.17 Million Position in EMCOR Group, Inc. (NYSE:EME)

AustralianSuper Pty Ltd increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1,627.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,440 shares of the construction company’s stock after purchasing an additional 41,868 shares during the period. AustralianSuper Pty Ltd owned approximately 0.10% of EMCOR Group worth $20,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Banque Pictet & Cie SA acquired a new position in EMCOR Group in the 4th quarter valued at $3,961,000. Arcus Capital Partners LLC raised its holdings in EMCOR Group by 21.8% in the 4th quarter. Arcus Capital Partners LLC now owns 1,071 shares of the construction company’s stock valued at $486,000 after acquiring an additional 192 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in EMCOR Group by 16.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 19,738 shares of the construction company’s stock valued at $9,067,000 after acquiring an additional 2,770 shares in the last quarter. Van ECK Associates Corp raised its holdings in EMCOR Group by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company’s stock valued at $4,495,000 after acquiring an additional 502 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in EMCOR Group by 21.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company’s stock valued at $196,500,000 after acquiring an additional 75,578 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

EMCOR Group Stock Performance

Shares of EME opened at $425.80 on Friday. EMCOR Group, Inc. has a 52-week low of $247.24 and a 52-week high of $545.29. The business’s fifty day moving average is $472.17 and its 200-day moving average is $444.03. The firm has a market cap of $19.59 billion, a price-to-earnings ratio of 21.63 and a beta of 1.11.

EMCOR Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group’s dividend payout ratio is currently 5.08%.

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.