Quantitative Investment Management LLC Acquires 3,585 Shares of EMCOR Group, Inc. $EME

Key Points

• Quantitative Investment Management LLC significantly increased its position in EMCOR Group, Inc. by 438.3%, acquiring a total of 4,403 shares valued at approximately $1.63 million.
• Wall Street analysts have generally upgraded their ratings on EMCOR Group, with one analyst raising the stock from a "buy" to a "strong-buy" rating and setting target prices ranging from $560 to $750.
• EMCOR Group announced a quarterly dividend of $0.25 per share, resulting in an annual yield of 0.2%, showcasing its ongoing profitability with a net margin of 7.07% for the last quarter.

Quantitative Investment Management LLC grew its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 438.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,403 shares of the construction company's stock after acquiring an additional 3,585 shares during the period. Quantitative Investment Management LLC's holdings in EMCOR Group were worth $1,627,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EME. Select Equity Group L.P. grew its stake in EMCOR Group by 1.6% in the fourth quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after purchasing an additional 16,563 shares during the period. Northern Trust Corp grew its stake in EMCOR Group by 3.7% in the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company's stock worth $211,239,000 after purchasing an additional 20,604 shares during the period. Pacer Advisors Inc. grew its stake in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after purchasing an additional 521,147 shares during the period. Burgundy Asset Management Ltd. grew its stake in EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock worth $190,552,000 after purchasing an additional 33,069 shares during the period. Finally, AQR Capital Management LLC grew its stake in EMCOR Group by 13.6% in the fourth quarter. AQR Capital Management LLC now owns 489,825 shares of the construction company's stock worth $222,332,000 after purchasing an additional 58,483 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Hovde Group raised EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Baird R W raised EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Robert W. Baird assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. DA Davidson upped their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group increased their target price on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Up 1.4%

Shares of NYSE EME traded up $8.50 during trading on Thursday, reaching $632.50. The company had a trading volume of 322,902 shares, compared to its average volume of 476,017. The stock has a market cap of $28.31 billion, a PE ratio of 26.24 and a beta of 1.27. 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 12-month low of $320.89 and a 12-month high of $667.64. The business's 50-day moving average is $580.87 and its 200 day moving average is $475.28.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company's quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend 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%.

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.