CIBC Asset Management Inc Has $6.49 Million Position in EMCOR Group, Inc. $EME

CIBC Asset Management Inc lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 85.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,604 shares of the construction company’s stock after buying an additional 4,878 shares during the period. CIBC Asset Management Inc’s holdings in EMCOR Group were worth $6,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC raised its holdings in shares of EMCOR Group by 32.3% in the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after purchasing an additional 144 shares during the period. Geneos Wealth Management Inc. raised its stake in EMCOR Group by 93.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in EMCOR Group in the 2nd quarter worth about $459,000. Baird Financial Group Inc. raised its stake in EMCOR Group by 5.0% in the 2nd 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 in the last quarter. Finally, Bank of Nova Scotia raised 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 valued at $2,442,000 after buying an additional 3,663 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Down 3.4%

EME opened at $817.00 on Friday. The company’s fifty day moving average price is $837.60 and its two-hundred day moving average price is $739.90. EMCOR Group, Inc. has a 1-year low of $455.14 and a 1-year high of $951.96. The company has a market cap of $36.31 billion, a price-to-earnings ratio of 27.41 and a beta of 1.12.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $5.90 by $0.94. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities analysts forecast that EMCOR Group, Inc. will post 29.22 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a $0.40 dividend. The ex-dividend date was Thursday, April 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 5.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 target price for the company. UBS Group boosted their target price on shares of EMCOR Group from $900.00 to $945.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Robert W. Baird boosted their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. DA Davidson upped their price objective on shares of EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $836.88.

Insider Activity

In related news, Director Steven Schwarzwaelder sold 5,602 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the completion of the transaction, the director owned 15,875 shares in the company, valued at approximately $14,211,141.25. This represents a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason R. Nalbandian sold 800 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the transaction, the chief financial officer owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. The trade was a 4.22% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,077 shares of company stock worth $8,155,191. Company insiders own 0.83% of the company’s stock.

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.