Pacer Advisors Inc. lessened its position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 92.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,852 shares of the construction company’s stock after selling 124,713 shares during the period. Pacer Advisors Inc.’s holdings in EMCOR Group were worth $6,639,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Great Lakes Advisors LLC boosted its holdings in EMCOR Group by 32.3% in the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after purchasing an additional 144 shares during the period. Geneos Wealth Management Inc. increased its stake in EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after purchasing an additional 106 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of EMCOR Group during the second quarter worth $459,000. Baird Financial Group Inc. raised its holdings in shares of EMCOR Group by 5.0% during the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock worth $3,113,000 after purchasing an additional 275 shares during the period. Finally, Bank of Nova Scotia lifted its position in shares of EMCOR Group by 406.1% in the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock worth $2,442,000 after buying an additional 3,663 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on EME shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,123.00 price target on shares of EMCOR Group in a report on Tuesday, June 16th. UBS Group increased their price objective on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. DA Davidson raised their target price on shares of EMCOR Group from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $871.25.
EMCOR Group Stock Performance
Shares of EME stock opened at $837.57 on Monday. EMCOR Group, Inc. has a 1 year low of $478.16 and a 1 year high of $951.96. The firm has a market capitalization of $37.22 billion, a PE ratio of 28.10 and a beta of 1.12. The stock has a fifty day moving average of $852.96 and a two-hundred day moving average of $756.28.
EMCOR Group (NYSE:EME – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the company earned $5.41 earnings per share. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Equities research analysts predict that EMCOR Group, Inc. will post 29.22 earnings per share for the current fiscal year.
EMCOR Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s dividend payout ratio is currently 5.37%.
Insider Activity
In other EMCOR Group news, Director William P. Reid sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the transaction, the director owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason R. Nalbandian sold 800 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $856.43, for a total transaction of $685,144.00. Following the sale, the chief financial officer owned 18,157 shares in the company, valued at $15,550,199.51. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,027 shares of company stock worth $8,957,466 in the last 90 days. 1.26% of the stock is currently owned by corporate insiders.
EMCOR Group Company Profile
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.
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