Canada Pension Plan Investment Board Invests $29.16 Million in EMCOR Group, Inc. $EME

Canada Pension Plan Investment Board purchased a new stake in EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,140 shares of the construction company’s stock, valued at approximately $29,162,000. Canada Pension Plan Investment Board owned approximately 0.08% of EMCOR Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EME. Great Lakes Advisors LLC raised its position in shares of EMCOR Group by 32.3% in the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after buying an additional 144 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock valued at $81,000 after buying an additional 106 shares during the period. Sivia Capital Partners LLC acquired a new stake in EMCOR Group during the second quarter worth approximately $459,000. Baird Financial Group Inc. grew its position in 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 buying an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in EMCOR Group by 406.1% during the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock worth $2,442,000 after acquiring an additional 3,663 shares during the period. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the sale, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on EME. Oppenheimer upped their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Cantor Fitzgerald decreased their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of “Buy” and an average price target of $965.86.

EMCOR Group Trading Down 4.4%

Shares of EMCOR Group stock opened at $740.85 on Friday. The firm’s 50 day moving average is $789.57 and its 200 day moving average is $801.29. The firm has a market capitalization of $32.68 billion, a PE ratio of 23.04 and a beta of 1.14. EMCOR Group, Inc. has a 1 year low of $564.92 and a 1 year high of $951.96.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating the consensus estimate of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the firm earned $6.72 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, research analysts anticipate that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is presently 4.98%.

EMCOR Group 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.