EMCOR Group, Inc. $EME Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in shares of EMCOR Group, Inc. (NYSE:EME) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,949 shares of the construction company’s stock after selling 1,610 shares during the period. Advisors Asset Management Inc. owned 0.06% of EMCOR Group worth $15,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its stake in EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after purchasing an additional 213,631 shares during the last quarter. Northern Trust Corp grew its holdings in shares of EMCOR Group by 3.7% during the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock worth $211,239,000 after buying an additional 20,604 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of EMCOR Group by 13.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock valued at $275,184,000 after buying an additional 60,693 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after buying an additional 33,069 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in EMCOR Group by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 430,607 shares of the construction company’s stock valued at $159,153,000 after acquiring an additional 34,541 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EME shares. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and raised their target price for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Stifel Nicolaus lifted their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, EMCOR Group presently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Trading Up 3.8%

Shares of NYSE EME opened at $603.66 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $27.02 billion, a PE ratio of 25.05 and a beta of 1.25. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The stock has a fifty day simple moving average of $659.04 and a 200-day simple moving average of $589.36.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates of $6.57. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were issued a $0.25 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 4.02%.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the sale, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is currently owned by insiders.

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.