AustralianSuper Pty Ltd Sells 6,844 Shares of EMCOR Group, Inc. $EME

AustralianSuper Pty Ltd lessened its position in EMCOR Group, Inc. (NYSE:EME) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,070 shares of the construction company’s stock after selling 6,844 shares during the quarter. AustralianSuper Pty Ltd owned 0.23% of EMCOR Group worth $55,131,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after acquiring an additional 213,631 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of EMCOR Group by 3.7% in the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock worth $211,239,000 after acquiring an additional 20,604 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% in the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after acquiring an additional 521,147 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of EMCOR Group by 13.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 518,354 shares of the construction company’s stock worth $275,184,000 after acquiring an additional 60,693 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of EMCOR Group by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after acquiring an additional 33,069 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 7.5%

NYSE EME opened at $748.23 on Monday. 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 company has a market capitalization of $33.49 billion, a price-to-earnings ratio of 31.05 and a beta of 1.24. The company’s 50-day simple moving average is $646.43 and its two-hundred day simple moving average is $551.11. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $752.52.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

Wall Street Analysts Forecast Growth

EME has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Friday. Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective for the company. in a report on Thursday, August 7th. Stifel Nicolaus lifted their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. DA Davidson lifted their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $654.83.

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.