MAI Capital Management Acquires 154 Shares of EMCOR Group, Inc. $EME

MAI Capital Management increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 45.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 490 shares of the construction company’s stock after buying an additional 154 shares during the period. MAI Capital Management’s holdings in EMCOR Group were worth $262,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EME. New Vernon Capital Holdings II LLC acquired a new position in shares of EMCOR Group during the first quarter worth $114,220,000. Jones Financial Companies Lllp increased its holdings in EMCOR Group by 56,287.8% in the first 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 during the period. AQR Capital Management LLC raised its position in EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after purchasing an additional 213,631 shares during the last quarter. Nuveen LLC acquired a new position in EMCOR Group during the 1st quarter worth about $71,821,000. Finally, Nordea Investment Management AB lifted its holdings in EMCOR Group by 63.8% during the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock worth $210,278,000 after buying an additional 153,948 shares during the period. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In other 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 transaction, the director owned 6,140 shares in the company, 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 this link. Corporate insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and increased their price target for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. William Blair began coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, DA Davidson upped their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Trading Up 0.9%

Shares of EME stock opened at $611.22 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a 50 day simple moving average of $658.63 and a two-hundred day simple moving average of $590.67. The company has a market cap of $27.36 billion, a P/E ratio of 25.36 and a beta of 1.25.

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

EMCOR Group Announces Dividend

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

EMCOR Group Company 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.