Achmea Investment Management B.V. Sells 6,937 Shares of EMCOR Group, Inc. $EME

Achmea Investment Management B.V. lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,212 shares of the construction company’s stock after selling 6,937 shares during the quarter. Achmea Investment Management B.V. owned approximately 0.10% of EMCOR Group worth $30,017,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EME. Vanguard Group Inc. raised its stake in EMCOR Group by 17.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company’s stock valued at $3,463,760,000 after acquiring an additional 798,975 shares during the period. Norges Bank purchased a new position in EMCOR Group in the 2nd quarter valued at approximately $344,548,000. Victory Capital Management Inc. raised its holdings in EMCOR Group by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company’s stock valued at $572,351,000 after acquiring an additional 311,474 shares during the period. State Street Corp raised its holdings in EMCOR Group by 15.2% during the 3rd quarter. State Street Corp now owns 1,852,991 shares of the construction company’s stock valued at $1,203,592,000 after acquiring an additional 244,494 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in EMCOR Group by 68.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 489,658 shares of the construction company’s stock valued at $318,052,000 after acquiring an additional 198,657 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.3%

Shares of NYSE:EME opened at $728.69 on Wednesday. The firm has a fifty day simple moving average of $731.18 and a two-hundred day simple moving average of $673.93. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $835.00. The stock has a market capitalization of $32.45 billion, a P/E ratio of 25.81 and a beta of 1.16.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, February 26th. The construction company reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.68 by $0.51. EMCOR Group had a net margin of 7.49% and a return on equity of 35.89%. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period in the prior year, the company earned $6.32 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. On average, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. This is an increase from EMCOR Group’s previous quarterly dividend of $0.25. EMCOR Group’s dividend payout ratio is presently 5.67%.

EMCOR Group announced that its Board of Directors has initiated a stock buyback program on Thursday, December 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group boosted their price objective on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Robert W. Baird upped their price target on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Cantor Fitzgerald initiated coverage on shares of EMCOR Group in a research report on Tuesday, March 10th. They issued an “overweight” rating and a $848.00 price objective for the company. Stifel Nicolaus increased their target price on shares of EMCOR Group from $754.00 to $814.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, DA Davidson raised their price target on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $784.43.

Insiders Place Their Bets

In related news, CEO Anthony Guzzi sold 36,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total transaction of $26,261,280.00. Following the sale, the chief executive officer owned 170,299 shares in the company, valued at approximately $124,229,714.52. This represents a 17.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.26% of the company’s stock.

About EMCOR Group

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.