Axxcess Wealth Management LLC Purchases 631 Shares of EMCOR Group, Inc. $EME

Axxcess Wealth Management LLC grew its position in EMCOR Group, Inc. (NYSE:EME) by 50.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,879 shares of the construction company’s stock after acquiring an additional 631 shares during the period. Axxcess Wealth Management LLC’s holdings in EMCOR Group were worth $1,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Great Lakes Advisors LLC boosted its holdings in EMCOR Group by 32.3% in the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after buying an additional 144 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after acquiring an additional 106 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of EMCOR Group in the second quarter worth about $459,000. Chicago Partners Investment Group LLC grew its position in shares of EMCOR Group by 31.1% during the second quarter. Chicago Partners Investment Group LLC now owns 636 shares of the construction company’s stock worth $365,000 after purchasing an additional 151 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in EMCOR Group by 4.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 11,662 shares of the construction company’s stock valued at $6,206,000 after purchasing an additional 465 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. DA Davidson upped 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. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a report on Wednesday, January 21st. Stifel Nicolaus boosted their price target on shares of EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Robert W. Baird set a $713.00 price objective on EMCOR Group in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and an average price target of $698.83.

EMCOR Group Stock Up 1.1%

EMCOR Group stock opened at $812.38 on Friday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $835.00. The firm’s fifty day moving average is $692.14 and its 200 day moving average is $658.68. The company has a market cap of $36.37 billion, a price-to-earnings ratio of 32.67 and a beta of 1.17.

EMCOR Group Increases Dividend

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

EMCOR Group announced that its board has initiated a stock repurchase plan on Thursday, December 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

EMCOR Group Company 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.