EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the construction company’s stock after acquiring an additional 285 shares during the quarter. Alberta Investment Management Corp’s holdings in EMCOR Group were worth $578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its stake in EMCOR Group by 8.4% in the third quarter. Sequoia Financial Advisors LLC now owns 697 shares of the construction company’s stock valued at $300,000 after purchasing an additional 54 shares during the period. Signaturefd LLC increased its stake in EMCOR Group by 11.7% in the third quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock valued at $202,000 after purchasing an additional 49 shares during the period. International Assets Investment Management LLC acquired a new position in EMCOR Group in the third quarter valued at $31,140,000. IFM Investors Pty Ltd increased its stake in EMCOR Group by 7.1% in the third quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock valued at $3,969,000 after purchasing an additional 612 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in EMCOR Group in the third quarter valued at $2,329,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on EME shares. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. Finally, Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Down 4.9 %

Shares of NYSE:EME opened at $403.75 on Friday. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 20.51 and a beta of 1.11. The firm’s 50-day simple moving average is $465.08 and its 200-day simple moving average is $447.45. EMCOR Group, Inc. has a fifty-two week low of $254.09 and a fifty-two week high of $545.29.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

EMCOR Group 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.