EMCOR Group, Inc. $EME Stock Holdings Increased by Ecofi Investissements SA

Ecofi Investissements SA lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 78.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,900 shares of the construction company’s stock after acquiring an additional 9,600 shares during the quarter. EMCOR Group accounts for 11.8% of Ecofi Investissements SA’s holdings, making the stock its 2nd biggest position. Ecofi Investissements SA’s holdings in EMCOR Group were worth $11,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Federated Hermes Inc. raised its stake in shares of EMCOR Group by 56.4% during the 2nd quarter. Federated Hermes Inc. now owns 322,437 shares of the construction company’s stock valued at $172,468,000 after buying an additional 116,289 shares during the last quarter. Jump Financial LLC boosted its stake in shares of EMCOR Group by 1,784.4% in the second quarter. Jump Financial LLC now owns 19,749 shares of the construction company’s stock worth $10,564,000 after buying an additional 18,701 shares during the last quarter. Rockport Wealth LLC acquired a new stake in EMCOR Group during the second quarter worth about $362,000. SageView Advisory Group LLC purchased a new position in EMCOR Group during the second quarter valued at approximately $182,000. Finally, Qtron Investments LLC raised its position in EMCOR Group by 18.3% during the second quarter. Qtron Investments LLC now owns 2,699 shares of the construction company’s stock valued at $1,444,000 after acquiring an additional 418 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Stock Down 1.9%

EME opened at $623.33 on Friday. The firm’s fifty day simple moving average is $655.72 and its two-hundred day simple moving average is $597.93. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64. The company has a market cap of $27.91 billion, a price-to-earnings ratio of 25.06 and a beta of 1.17.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.02%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EME. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a research note on Friday, October 31st. Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. DA Davidson upped their price objective 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. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Stifel Nicolaus lifted their price target on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and an average price target of $692.83.

About EMCOR Group

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.