Jupiter Asset Management Ltd. Has $11.45 Million Stake in EMCOR Group, Inc. $EME

Jupiter Asset Management Ltd. reduced its position in EMCOR Group, Inc. (NYSE:EME) by 51.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,414 shares of the construction company’s stock after selling 22,849 shares during the period. Jupiter Asset Management Ltd.’s holdings in EMCOR Group were worth $11,454,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after buying an additional 521,147 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new position in shares of EMCOR Group during the 1st quarter worth $114,220,000. Jones Financial Companies Lllp raised its holdings 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 valued at $105,881,000 after purchasing an additional 285,942 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of EMCOR Group in the 1st quarter valued at $71,821,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction 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 directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by insiders.

EMCOR Group Price Performance

NYSE EME opened at $643.73 on Thursday. The stock has a 50-day simple moving average of $663.17 and a 200 day simple moving average of $578.06. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The stock has a market capitalization of $28.82 billion, a PE ratio of 26.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting the consensus estimate of $6.57. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the business posted $5.80 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were given 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 yield of 0.2%. EMCOR Group’s payout ratio is 4.02%.

Analyst Upgrades and Downgrades

EME has been the topic of several analyst reports. Stifel Nicolaus increased their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. DA Davidson raised their price objective on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Finally, William Blair assumed coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.