Candriam S.C.A. Increases Stake in EMCOR Group, Inc. $EME

Key Points

• Candriam S.C.A. increased its stake in EMCOR Group by 26.7%, now holding 7,940 shares valued at approximately $2.93 million as of the latest SEC filing.
• Other institutional investors have also significantly boosted their holdings, with Pacer Advisors increasing its stake by 3,878.2% and GAMMA Investing growing by 49,775.5% during the first quarter.
• EMCOR Group reported $6.72 EPS for the last quarter, surpassing estimates of $5.68, with revenue increasing 17.4% year-over-year to $4.3 billion.

Candriam S.C.A. boosted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 26.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,940 shares of the construction company's stock after acquiring an additional 1,675 shares during the period. Candriam S.C.A.'s holdings in EMCOR Group were worth $2,935,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BankPlus Trust Department grew its holdings in EMCOR Group by 200.0% during the 1st 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 position in EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in EMCOR Group during the 1st quarter worth approximately $30,000. Continuum Advisory LLC grew its holdings in EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares in the last quarter. Finally, Dogwood Wealth Management LLC acquired a new position in shares of EMCOR Group in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EME shares. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. William Blair started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating for the company. Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Finally, Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

EME stock traded up $9.24 on Tuesday, hitting $618.40. The company's stock had a trading volume of 422,903 shares, compared to its average volume of 477,610. The firm has a 50 day moving average of $572.39 and a two-hundred day moving average of $472.08. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The stock has a market cap of $27.68 billion, a price-to-earnings ratio of 25.66 and a beta of 1.27. 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 (NYSE:EME - Get Free Report) last announced 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 company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date 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 presently 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.