Amundi Has $78.17 Million Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• Amundi increased its stake in EMCOR Group by 71.8% in Q1, owning 220,495 shares valued at approximately $78.17 million.
• EMCOR Group reported a strong quarterly earnings of $6.72 EPS, surpassing analyst estimates and marking a 17.4% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.25 per share, contributing to an annualized dividend yield of 0.2%.

Amundi lifted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 71.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,495 shares of the construction company's stock after buying an additional 92,180 shares during the period. Amundi owned about 0.49% of EMCOR Group worth $78,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Focus Partners Advisor Solutions LLC boosted its position in shares of EMCOR Group by 90.6% in the first quarter. Focus Partners Advisor Solutions LLC now owns 1,336 shares of the construction company's stock worth $494,000 after buying an additional 635 shares during the period. Quarry LP acquired a new stake in shares of EMCOR Group in the first quarter worth $308,000. DRW Securities LLC acquired a new stake in shares of EMCOR Group in the first quarter worth $1,976,000. Benchmark Investment Advisors LLC boosted its position in shares of EMCOR Group by 27.0% in the first quarter. Benchmark Investment Advisors LLC now owns 6,454 shares of the construction company's stock worth $2,386,000 after buying an additional 1,374 shares during the period. Finally, Orbis Allan Gray Ltd acquired a new stake in shares of EMCOR Group in the first quarter worth $10,696,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

NYSE EME opened at $625.05 on Friday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The stock's 50-day moving average is $595.37 and its two-hundred day moving average is $483.62. 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 firm has a market cap of $27.98 billion, a P/E ratio of 25.94 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates 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 for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.25 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's payout ratio is presently 4.15%.

Analyst Ratings Changes

A number of research firms recently issued reports on EME. UBS Group set a $750.00 price objective on EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. William Blair initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating for the company. TD Securities initiated coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Robert W. Baird initiated coverage on EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price on the stock. Finally, Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $594.50.

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.

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