Caisse DE Depot ET Placement DU Quebec Purchases 47,728 Shares of EMCOR Group, Inc. $EME

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in EMCOR Group, Inc. by 16.5%, owning approximately 337,071 shares valued at $124.59 million after purchasing an additional 47,728 shares.
• The company's earnings per share (EPS) for the last quarter were reported at $6.72, surpassing the consensus estimate of $5.68, with a quarterly revenue of $4.30 billion.
• Analysts have raised price targets for EMCOR Group, with DA Davidson increasing their target from $515 to $725, reflecting strong market confidence in the stock.

Caisse DE Depot ET Placement DU Quebec boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 16.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 337,071 shares of the construction company's stock after acquiring an additional 47,728 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.75% of EMCOR Group worth $124,592,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EME. Hsbc Holdings PLC grew its position in shares of EMCOR Group by 28.8% in the fourth quarter. Hsbc Holdings PLC now owns 36,515 shares of the construction company's stock valued at $16,602,000 after purchasing an additional 8,175 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of EMCOR Group by 21.7% in the fourth quarter. Voya Investment Management LLC now owns 26,620 shares of the construction company's stock valued at $12,083,000 after acquiring an additional 4,749 shares during the period. Nebula Research & Development LLC purchased a new position in EMCOR Group during the fourth quarter valued at approximately $615,000. Two Sigma Securities LLC increased its holdings in EMCOR Group by 6.6% during the 4th quarter. Two Sigma Securities LLC now owns 1,184 shares of the construction company's stock worth $537,000 after acquiring an additional 73 shares during the period. Finally, Aquatic Capital Management LLC lifted its stake in EMCOR Group by 93.0% in the 4th quarter. Aquatic Capital Management LLC now owns 3,320 shares of the construction company's stock worth $1,507,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Down 2.1%

Shares of EMCOR Group stock traded down $13.36 during trading on Friday, reaching $619.89. The company's stock had a trading volume of 353,374 shares, compared to its average volume of 310,887. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The firm's 50-day moving average is $583.56 and its two-hundred day moving average is $476.48. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 25.72 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 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter last year, the company earned $5.25 EPS. The firm's revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side 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. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is presently 4.15%.

Analyst Ratings Changes

Several research firms have recently weighed in on EME. The Goldman Sachs Group upped their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. TD Securities started coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Finally, DA Davidson upped their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $594.50.

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.