Allspring Global Investments Holdings LLC Has $275.18 Million Stake in EMCOR Group, Inc. $EME

Key Points

• Allspring Global Investments Holdings LLC increased its stake in EMCOR Group by 13.3% in the second quarter, owning approximately 1.16% of the company worth $275.18 million.
• EMCOR Group's shares recently fell by 2.5%, with a current market cap of $29.72 billion and a price-to-earnings ratio of 27.55.
• The company reported a strong quarterly earnings result, with $6.72 earnings per share exceeding analysts' expectations and a revenue of $4.30 billion.

Allspring Global Investments Holdings LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 13.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 518,354 shares of the construction company's stock after acquiring an additional 60,693 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.16% of EMCOR Group worth $275,184,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Mitchell Capital Management Co. boosted its holdings in shares of EMCOR Group by 67.5% during the 2nd quarter. Mitchell Capital Management Co. now owns 16,503 shares of the construction company's stock valued at $9,333,000 after acquiring an additional 6,649 shares in the last quarter. CWM LLC grew its position in shares of EMCOR Group by 49.1% in the 2nd quarter. CWM LLC now owns 8,299 shares of the construction company's stock valued at $4,439,000 after buying an additional 2,732 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of EMCOR Group by 6.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,508 shares of the construction company's stock valued at $4,554,000 after buying an additional 544 shares during the last quarter. waypoint wealth counsel bought a new stake in shares of EMCOR Group in the 2nd quarter valued at about $270,000. Finally, Aberdeen Group plc grew its position in shares of EMCOR Group by 139.9% in the 2nd quarter. Aberdeen Group plc now owns 2,742 shares of the construction company's stock valued at $1,473,000 after buying an additional 1,599 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Down 2.5%

Shares of NYSE:EME opened at $663.92 on Monday. The company has a market capitalization of $29.72 billion, a price-to-earnings ratio of 27.55 and a beta of 1.24. 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 business's 50-day moving average is $631.80 and its 200-day moving average is $528.20. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $697.91.

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

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's dividend payout ratio is 4.15%.

Analyst Upgrades and Downgrades

EME has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded EMCOR Group from a "sell" rating to a "neutral" rating and upped their price target for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. William Blair initiated coverage on EMCOR Group in a research report on Thursday, September 11th. They issued an "outperform" rating on the stock. UBS Group set a $750.00 price target on EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. DA Davidson upped their price target on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Two equities 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $634.67.

EMCOR Group Company 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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