EMCOR Group, Inc. $EME Stock Holdings Lifted by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 44.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,514 shares of the construction company’s stock after buying an additional 5,689 shares during the period. Cerity Partners LLC’s holdings in EMCOR Group were worth $9,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of EMCOR Group in the second quarter valued at $344,548,000. New Vernon Capital Holdings II LLC acquired a new stake in shares of EMCOR Group during the 1st quarter valued at about $114,220,000. Jones Financial Companies Lllp increased its stake in shares of 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 during the last quarter. AQR Capital Management LLC increased its position in EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after buying an additional 213,631 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of EMCOR Group in the 1st quarter valued at approximately $71,821,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Price Performance

EME stock opened at $626.51 on Thursday. The company has a 50 day moving average price of $654.42 and a 200 day moving average price of $601.39. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The stock has a market capitalization of $28.05 billion, a PE ratio of 25.19 and a beta of 1.17.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates of $6.57. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period 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, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s payout ratio is 4.02%.

Insider Activity

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the sale, the director owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EME shares. DA Davidson lifted their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Stifel Nicolaus raised their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. William Blair began coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average price target 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.