EMCOR Group, Inc. (NYSE:EME) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 27.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,809 shares of the construction company’s stock after selling 4,162 shares during the quarter. WCM Investment Management LLC’s holdings in EMCOR Group were worth $4,942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EME. Entropy Technologies LP lifted its position in shares of EMCOR Group by 386.5% during the 4th quarter. Entropy Technologies LP now owns 6,091 shares of the construction company’s stock worth $2,765,000 after buying an additional 4,839 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in EMCOR Group by 119.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,090 shares of the construction company’s stock valued at $949,000 after acquiring an additional 1,139 shares during the last quarter. Mezzasalma Advisors LLC boosted its stake in EMCOR Group by 3.3% in the fourth quarter. Mezzasalma Advisors LLC now owns 11,458 shares of the construction company’s stock valued at $5,201,000 after acquiring an additional 361 shares in the last quarter. Vest Financial LLC grew its holdings in shares of EMCOR Group by 52.6% during the fourth quarter. Vest Financial LLC now owns 5,264 shares of the construction company’s stock worth $2,389,000 after purchasing an additional 1,815 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of EMCOR Group by 1.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 104,201 shares of the construction company’s stock worth $47,297,000 after purchasing an additional 1,447 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. Stifel Nicolaus began 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. Northcoast Research assumed 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. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Trading Down 1.3 %

EMCOR Group stock opened at $461.07 on Monday. The stock has a 50 day moving average of $477.56 and a two-hundred day moving average of $442.19. EMCOR Group, Inc. has a twelve month low of $238.94 and a twelve month high of $545.29. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 23.42 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 $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is 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.