Liberty Capital Management Inc. Raises Holdings in EMCOR Group, Inc. $EME

Liberty Capital Management Inc. lifted its position in EMCOR Group, Inc. (NYSE:EME) by 41.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,741 shares of the construction company’s stock after purchasing an additional 1,103 shares during the quarter. Liberty Capital Management Inc.’s holdings in EMCOR Group were worth $2,430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of EMCOR Group by 3.0% during the 3rd quarter. Signaturefd LLC now owns 557 shares of the construction company’s stock valued at $362,000 after buying an additional 16 shares in the last quarter. Woodward Diversified Capital LLC increased its position in shares of EMCOR Group by 2.4% during the 3rd quarter. Woodward Diversified Capital LLC now owns 760 shares of the construction company’s stock valued at $494,000 after purchasing an additional 18 shares during the last quarter. Altus Wealth Group LLC raised its holdings in EMCOR Group by 1.4% during the 3rd quarter. Altus Wealth Group LLC now owns 1,495 shares of the construction company’s stock valued at $971,000 after buying an additional 20 shares during the period. Prospera Financial Services Inc lifted its position in EMCOR Group by 0.7% in the third quarter. Prospera Financial Services Inc now owns 2,769 shares of the construction company’s stock worth $1,799,000 after buying an additional 20 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its position in EMCOR Group by 2.1% during the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock valued at $584,000 after acquiring an additional 22 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

EMCOR Group Trading Up 0.1%

Shares of NYSE:EME opened at $777.08 on Wednesday. The company has a market capitalization of $34.79 billion, a PE ratio of 31.25 and a beta of 1.17. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $792.84. The business’s fifty day simple moving average is $664.68 and its 200-day simple moving average is $649.67.

EMCOR Group Increases Dividend

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

EMCOR Group announced that its board has approved a share buyback 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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

EMCOR Group 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.