Verition Fund Management LLC Raises Stake in EMCOR Group, Inc. $EME

Verition Fund Management LLC boosted its stake in shares of EMCOR Group, Inc. (NYSE:EMEFree Report) by 54.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,273 shares of the construction company’s stock after buying an additional 14,186 shares during the quarter. Verition Fund Management LLC’s holdings in EMCOR Group were worth $24,639,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Asahi Life Asset Management CO. LTD. bought a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $445,000. Wealth Enhancement Advisory Services LLC grew 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 valued at $7,972,000 after purchasing an additional 1,389 shares during the period. Public Sector Pension Investment Board grew 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 valued at $15,577,000 after purchasing an additional 3,783 shares during the period. Sierra Summit Advisors LLC purchased a new stake in EMCOR Group in the third quarter worth $5,459,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in EMCOR Group by 100.0% in the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 3,600 shares of the construction company’s stock worth $2,338,000 after buying an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EME. Cantor Fitzgerald assumed coverage on EMCOR Group in a research report on Tuesday, March 10th. They set an “overweight” rating and a $848.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Monday, April 20th. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a report on Thursday, April 30th. Robert W. Baird lifted their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Oppenheimer started coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $836.88.

Check Out Our Latest Stock Analysis on EME

Insider Activity

In other EMCOR Group news, Director William P. Reid sold 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the sale, the director directly owned 10,149 shares in the company, valued at $9,395,741.22. This represents a 16.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason R. Nalbandian sold 800 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $856.43, for a total transaction of $685,144.00. Following the completion of the transaction, the chief financial officer directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,077 shares of company stock valued at $8,155,191 over the last ninety days. 1.26% of the stock is owned by insiders.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $822.27 on Monday. EMCOR Group, Inc. has a fifty-two week low of $470.02 and a fifty-two week high of $951.96. The stock has a market cap of $36.54 billion, a PE ratio of 27.58 and a beta of 1.12. The stock has a fifty day moving average of $845.67 and a 200-day moving average of $748.36.

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

EMCOR Group Dividend Announcement

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

About EMCOR Group

(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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