6,417 Shares in EMCOR Group, Inc. $EME Acquired by Spectrum Asset Management Inc. NB CA

Key Points

• Spectrum Asset Management Inc. NB CA has acquired 6,417 shares of EMCOR Group, Inc. valued at approximately $3,432,000, representing about 1.5% of its total holdings.
• Analysts have mixed ratings on EMCOR Group, with a consensus average rating of "Moderate Buy" and a price target of $634.67.
• EMCOR Group reported a significant increase in quarterly earnings, posting $6.72 earnings per share, exceeding estimates and demonstrating a 17.4% revenue growth year-over-year.

Spectrum Asset Management Inc. NB CA bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 6,417 shares of the construction company's stock, valued at approximately $3,432,000. EMCOR Group accounts for approximately 1.5% of Spectrum Asset Management Inc. NB CA's holdings, making the stock its 27th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after acquiring an additional 213,631 shares in the last quarter. Northern Trust Corp raised its stake 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 valued at $211,239,000 after purchasing an additional 20,604 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after purchasing an additional 521,147 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock valued at $190,552,000 after purchasing an additional 33,069 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of EMCOR Group by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company's stock worth $171,852,000 after buying an additional 28,038 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research note on Thursday, August 7th. Jefferies Financial Group began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. UBS Group set a $750.00 target price on shares of EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. TD Securities started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Finally, Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $634.67.

EMCOR Group Stock Performance

Shares of EME opened at $673.59 on Wednesday. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $685.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market cap of $30.15 billion, a PE ratio of 27.95 and a beta of 1.24. The firm has a 50-day moving average of $628.82 and a 200-day moving average of $521.45.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the business earned $5.25 earnings per share. The business's revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.