Allianz Asset Management GmbH Has $126.90 Million Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• Allianz Asset Management GmbH reduced its stake in EMCOR Group, Inc. by 10% during Q2, holding $126.90 million in stock after selling 26,491 shares.
• Multiple hedge funds have increased their investments in EMCOR Group, with institutional investors owning approximately 92.59% of the stock.
• EMCOR Group announced a quarterly dividend of $0.25 per share, reflecting an annualized yield of 0.1%, payable on October 30th.

Allianz Asset Management GmbH decreased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 237,253 shares of the construction company's stock after selling 26,491 shares during the period. Allianz Asset Management GmbH owned approximately 0.53% of EMCOR Group worth $126,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BankPlus Trust Department lifted its holdings in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after acquiring an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group in the first quarter valued at about $28,000. Hazlett Burt & Watson Inc. bought a new position in shares of EMCOR Group in the first quarter valued at about $30,000. Groupe la Francaise raised its holdings in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after purchasing an additional 38 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group during the 1st quarter worth about $37,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EME has been the subject of a number of recent analyst reports. Baird R W raised EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. TD Securities began coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target for the company. in a research report on Thursday, August 7th. Finally, Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $654.83.

EMCOR Group Stock Up 2.3%

EME opened at $689.89 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $697.91. 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 $30.88 billion, a P/E ratio of 28.63 and a beta of 1.24. The stock has a fifty day moving average of $635.20 and a 200-day moving average of $532.45.

EMCOR Group (NYSE:EME - Get Free Report) last posted its 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 company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the firm earned $5.25 earnings per share. The company'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. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group's payout ratio is currently 4.15%.

About EMCOR Group

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.

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME - Free Report).

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.