Pallas Capital Advisors LLC Grows Position in EMCOR Group, Inc. $EME

Key Points

• Pallas Capital Advisors LLC significantly increased its stake in EMCOR Group, raising its position by 71.8% to 4,512 shares, valued at approximately $2.4 million.
• EMCOR Group reported a strong EPS of $6.72 for the last quarter, surpassing analyst expectations, with revenues increasing 17.4% year-over-year to $4.30 billion.
• The company has recently announced a quarterly dividend of $0.25, representing an annual yield of 0.2%, reinforcing its commitment to returning value to shareholders.

Pallas Capital Advisors LLC boosted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 71.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,512 shares of the construction company's stock after buying an additional 1,886 shares during the quarter. Pallas Capital Advisors LLC's holdings in EMCOR Group were worth $2,413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after acquiring an additional 521,147 shares during the period. GAMMA Investing LLC boosted its position in EMCOR Group by 49,775.5% during the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock valued at $138,266,000 after acquiring an additional 373,316 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new position in shares of EMCOR Group in the 1st quarter valued at $114,220,000. Jones Financial Companies Lllp lifted its stake in EMCOR Group by 56,287.8% in the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock valued at $105,881,000 after buying an additional 285,942 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after buying an additional 213,631 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 0.8%

Shares of NYSE:EME traded up $4.91 during trading on Friday, reaching $633.83. The stock had a trading volume of 10,504,955 shares, compared to its average volume of 420,380. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The business has a fifty day moving average price of $612.05 and a 200-day moving average price of $499.26. The stock has a market cap of $28.37 billion, a P/E ratio of 26.30 and a beta of 1.28. 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 (NYSE:EME - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. 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 business earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently announced 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 was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

Analyst Ratings Changes

EME has been the topic of several analyst reports. Jefferies Financial Group began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a research note on Thursday, August 7th. Finally, William Blair started coverage on EMCOR Group in a research report on Thursday, September 11th. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.