BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $21.07 Million Holdings in EMCOR Group, Inc. $EME

Key Points

• British Columbia Investment Management Corp reduced its holdings in EMCOR Group, Inc. by 22.5%, now owning 57,009 shares worth approximately $21.07 million.
• EMCOR Group reported earnings per share of $6.72, surpassing analysts' expectations, while revenues increased by 17.4% year-over-year.
• Analyst ratings for EMCOR Group show a consensus of "Moderate Buy" with a target price of $594.50, reflecting positive market sentiment.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 22.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,009 shares of the construction company's stock after selling 16,596 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.13% of EMCOR Group worth $21,072,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. DA Davidson increased their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. 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 report on Thursday, August 7th. Finally, UBS Group set a $750.00 target price on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Performance

NYSE:EME opened at $610.3420 on Friday. The stock has a market cap of $27.32 billion, a P/E ratio of 25.33 and a beta of 1.27. The stock has a 50 day simple moving average of $569.94 and a 200 day simple moving average of $471.01. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $5.25 EPS. 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 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 dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group's dividend payout ratio is currently 4.15%.

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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