D.A. Davidson & CO. Boosts Holdings in EMCOR Group, Inc. (NYSE:EME)

D.A. Davidson & CO. grew its stake in EMCOR Group, Inc. (NYSE:EMEFree Report) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,458 shares of the construction company’s stock after purchasing an additional 110 shares during the quarter. D.A. Davidson & CO.’s holdings in EMCOR Group were worth $938,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of EME. BlackRock Inc. boosted its holdings in EMCOR Group by 0.8% in the first quarter. BlackRock Inc. now owns 6,152,648 shares of the construction company’s stock worth $1,000,359,000 after purchasing an additional 47,507 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of EMCOR Group by 2.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,565,326 shares of the construction company’s stock valued at $579,687,000 after buying an additional 82,360 shares during the period. State Street Corp boosted its holdings in shares of EMCOR Group by 3.6% in the 1st quarter. State Street Corp now owns 1,744,930 shares of the construction company’s stock valued at $196,531,000 after buying an additional 61,165 shares during the period. Geode Capital Management LLC raised its stake in EMCOR Group by 1.0% during the first quarter. Geode Capital Management LLC now owns 961,989 shares of the construction company’s stock worth $156,410,000 after acquiring an additional 9,577 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in EMCOR Group by 96.7% in the first quarter. JPMorgan Chase & Co. now owns 651,082 shares of the construction company’s stock worth $105,859,000 after acquiring an additional 320,153 shares during the last quarter. Institutional investors own 92.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp assumed coverage on EMCOR Group in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company.

Get Our Latest Report on EME

EMCOR Group Trading Up 1.3 %

EMCOR Group stock opened at $245.15 on Monday. EMCOR Group, Inc. has a 12-month low of $143.85 and a 12-month high of $245.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.26 and a quick ratio of 1.22. The stock has a market capitalization of $11.53 billion, a PE ratio of 21.37 and a beta of 1.02. The firm has a 50 day simple moving average of $220.43 and a 200-day simple moving average of $215.13.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Tuesday, January 16th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Friday, January 12th. EMCOR Group’s payout ratio is currently 6.28%.

EMCOR Group Profile

(Free Report)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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