4,085 Shares in EMCOR Group, Inc. $EME Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,085 shares of the construction company’s stock, valued at approximately $2,185,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of EMCOR Group during the second quarter valued at $344,548,000. New Vernon Capital Holdings II LLC bought a new stake in shares of EMCOR Group during the 1st quarter worth about $114,220,000. Jones Financial Companies Lllp lifted its stake in shares of EMCOR Group by 56,287.8% in the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after acquiring an additional 285,942 shares during the period. AQR Capital Management LLC boosted its holdings in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after acquiring an additional 213,631 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of EMCOR Group during the first quarter valued at approximately $71,821,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

EMCOR Group Stock Performance

Shares of EME opened at $606.79 on Wednesday. The firm’s 50 day moving average price is $656.21 and its 200 day moving average price is $595.60. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The firm has a market cap of $27.17 billion, a PE ratio of 24.40 and a beta of 1.17.

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

EMCOR Group Dividend Announcement

The company also recently disclosed 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 was Wednesday, October 15th. EMCOR Group’s payout ratio is presently 4.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EME shares. DA Davidson boosted their price target 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. William Blair assumed coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the company a “buy” rating in a research report on Tuesday, August 5th. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. Finally, Stifel Nicolaus raised their price objective on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.