Boston Partners Acquires 4,561 Shares of EMCOR Group, Inc. $EME

Key Points

• Boston Partners increased its stake in EMCOR Group by 8.8% in Q1, acquiring an additional 4,561 shares, bringing their total to 56,498 shares valued at approximately $20.89 million.
• EMCOR Group reported $6.72 earnings per share for the latest quarter, exceeding expectations and reflecting a 17.4% increase in revenue compared to the same period last year.
• In addition to Boston Partners, several other institutional investors have increased their holdings in EMCOR Group, which now has approximately 92.59% of its stock owned by institutional investors.

Boston Partners boosted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,498 shares of the construction company's stock after acquiring an additional 4,561 shares during the period. Boston Partners owned 0.13% of EMCOR Group worth $20,885,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EME. Private Trust Co. NA boosted its holdings in shares of EMCOR Group by 28.6% during the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock worth $103,000 after buying an additional 62 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock worth $7,317,000 after buying an additional 3,407 shares in the last quarter. Redwood Investment Management LLC bought a new position in shares of EMCOR Group during the 4th quarter worth approximately $1,417,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of 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 worth $3,955,000 after buying an additional 6,361 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of EMCOR Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after buying an additional 126 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. DA Davidson increased their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a report on Friday, August 1st. TD Securities assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. Hovde Group upgraded EMCOR Group to a "hold" rating in a report on Friday, June 27th. Finally, Stifel Nicolaus increased their price target on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Down 0.8%

Shares of NYSE:EME traded down $4.5890 during trading on Wednesday, reaching $602.5110. 153,092 shares of the stock were exchanged, compared to its average volume of 481,424. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The stock has a fifty day moving average of $561.90 and a two-hundred day moving average of $467.71. The firm has a market cap of $26.97 billion, a price-to-earnings ratio of 24.94 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the firm earned $5.25 earnings per share. EMCOR Group's revenue for the quarter was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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