AG2R LA Mondiale Gestion D Actifs Buys New Holdings in EMCOR Group, Inc. $EME

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 3,003 shares of EMCOR Group, valued at approximately $1,606,000, as per their recent 13F filing.
• Several hedge funds have increased their holdings in EMCOR Group, with Nordea Investment Management AB raising their stake by 63.8% during the 2nd quarter.
• EMCOR Group reported a 7.5% increase in share price and announced a quarterly dividend of $0.25, representing an annual yield of 0.1%.

AG2R LA Mondiale Gestion D Actifs acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,003 shares of the construction company's stock, valued at approximately $1,606,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in shares of EMCOR Group by 28.6% in the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock worth $103,000 after acquiring an additional 62 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in EMCOR Group by 146.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after acquiring an additional 6,361 shares during the period. GAMMA Investing LLC boosted its stake in shares of EMCOR Group by 34.9% in the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock valued at $374,000 after buying an additional 262 shares during the period. Nordea Investment Management AB boosted its stake in shares of EMCOR Group by 63.8% in the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company's stock valued at $210,278,000 after buying an additional 153,948 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of EMCOR Group by 8.7% in the 1st quarter. Raymond James Financial Inc. now owns 101,536 shares of the construction company's stock valued at $37,531,000 after buying an additional 8,166 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EME shares. Northcoast Research lowered EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. UBS Group set a $750.00 price target on EMCOR Group and gave the company a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upgraded EMCOR Group from a "sell" rating to a "neutral" rating and lifted their price target for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. William Blair began coverage on EMCOR Group in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. Finally, Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $654.83.

EMCOR Group Stock Up 7.5%

Shares of NYSE:EME opened at $748.23 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $752.52. The stock's fifty day simple moving average is $646.43 and its 200-day simple moving average is $550.00. The company has a market capitalization of $33.49 billion, a P/E ratio of 31.05 and a beta of 1.24.

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

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group's dividend payout ratio is presently 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.

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