Fairtree Asset Management Pty Ltd Buys 982 Shares of EMCOR Group, Inc. $EME

Fairtree Asset Management Pty Ltd increased its stake in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 53.3% during the fourth quarter, HoldingsChannel reports. The fund owned 2,823 shares of the construction company’s stock after buying an additional 982 shares during the period. Fairtree Asset Management Pty Ltd’s holdings in EMCOR Group were worth $1,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asahi Life Asset Management CO. LTD. bought a new position in shares of EMCOR Group during the 3rd quarter worth approximately $445,000. Machina Capital S.A.S. bought a new stake in shares of EMCOR Group in the third quarter worth $1,074,000. Wealth Enhancement Advisory Services LLC boosted its holdings in EMCOR Group by 12.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock worth $7,972,000 after purchasing an additional 1,389 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in EMCOR Group by 18.7% during the third quarter. Public Sector Pension Investment Board now owns 23,982 shares of the construction company’s stock worth $15,577,000 after purchasing an additional 3,783 shares during the last quarter. Finally, Sierra Summit Advisors LLC bought a new position in EMCOR Group in the third quarter valued at $5,459,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

Shares of EME stock opened at $854.83 on Wednesday. The company has a fifty day moving average price of $809.04 and a two-hundred day moving average price of $722.94. EMCOR Group, Inc. has a one year low of $450.68 and a one year high of $951.96. The stock has a market cap of $37.99 billion, a P/E ratio of 28.68 and a beta of 1.17.

EMCOR Group (NYSE:EMEGet Free Report) 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. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business earned $5.41 EPS. EMCOR Group’s revenue for the quarter was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 28.67 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a report on Thursday, April 30th. UBS Group lifted their target price on EMCOR Group from $900.00 to $945.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Robert W. Baird upped their target price on EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and a consensus target price of $799.29.

Read Our Latest Analysis on EMCOR Group

Insider Buying and Selling

In other news, VP Robert Peter Lind sold 675 shares of EMCOR Group stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total transaction of $603,632.25. Following the completion of the transaction, the vice president directly owned 4,216 shares in the company, valued at approximately $3,770,242.32. The trade was a 13.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total value of $1,851,560.00. Following the transaction, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. The trade was a 16.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 45,077 shares of company stock valued at $34,416,471. Insiders own 1.26% of the company’s stock.

EMCOR Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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