Quadrant Capital Group LLC Acquires 203 Shares of EMCOR Group, Inc. $EME

Quadrant Capital Group LLC boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.3% in the second quarter, Holdings Channel reports. The institutional investor owned 4,000 shares of the construction company’s stock after acquiring an additional 203 shares during the quarter. Quadrant Capital Group LLC’s holdings in EMCOR Group were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. New Vernon Capital Holdings II LLC purchased a new position in shares of EMCOR Group in the first quarter valued at $114,220,000. Jones Financial Companies Lllp lifted its holdings in EMCOR Group by 56,287.8% during the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after purchasing an additional 285,942 shares in the last quarter. AQR Capital Management LLC boosted 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 worth $253,065,000 after purchasing an additional 213,631 shares during the period. Nuveen LLC purchased a new position in EMCOR Group during the 1st quarter valued at about $71,821,000. Finally, Nordea Investment Management AB grew its holdings in EMCOR Group by 63.8% during the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after buying an additional 153,948 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.9%

Shares of NYSE EME opened at $611.22 on Friday. The stock has a market capitalization of $27.36 billion, a P/E ratio of 25.36 and a beta of 1.25. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $778.64. The firm’s 50 day simple moving average is $658.30 and its two-hundred day simple moving average is $590.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME) last issued 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 company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. 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 stock in a transaction dated 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 $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EME shares. Stifel Nicolaus raised their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Northcoast Research downgraded shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a report on Thursday, August 7th. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and upped their price target for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Wall Street Zen downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $692.83.

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.