Arrowstreet Capital Limited Partnership Has $10.78 Million Holdings in EMCOR Group, Inc. $EME

Arrowstreet Capital Limited Partnership decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 34.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,151 shares of the construction company’s stock after selling 10,487 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in EMCOR Group were worth $10,779,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EME. Westerkirk Capital Inc. bought a new stake in EMCOR Group in the 2nd quarter valued at about $454,000. Quantbot Technologies LP purchased a new position in shares of EMCOR Group in the second quarter worth about $3,790,000. M&T Bank Corp raised its position in shares of EMCOR Group by 3.4% in the second quarter. M&T Bank Corp now owns 2,116 shares of the construction company’s stock valued at $1,131,000 after purchasing an additional 69 shares during the period. Distillate Capital Partners LLC purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at approximately $14,110,000. Finally, OMERS ADMINISTRATION Corp bought a new position in EMCOR Group in the 2nd quarter worth approximately $2,185,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EME. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 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 report on Friday, October 31st. Stifel Nicolaus raised their price target on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. William Blair assumed coverage on shares of EMCOR Group in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $692.83.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the firm’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 completion of the transaction, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.26% of the company’s stock.

EMCOR Group Stock Performance

NYSE EME opened at $623.65 on Wednesday. The stock has a market cap of $27.92 billion, a P/E ratio of 25.08 and a beta of 1.17. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The stock has a 50 day simple moving average of $654.99 and a two-hundred day simple moving average of $601.21.

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

EMCOR Group Dividend Announcement

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

EMCOR Group Company 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.