Financiere des Professionnels Fonds d investissement inc. Acquires Shares of 1,873 EMCOR Group, Inc. $EME

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired a new stake in EMCOR Group, Inc. during the second quarter, purchasing 1,873 shares valued at approximately $1,002,000.
• The company reported earnings of $6.72 per share for the last quarter, surpassing analyst estimates, with a revenue of $4.30 billion, a year-over-year increase of 17.4%.
• EMCOR Group has announced a quarterly dividend of $0.25, with an annualized dividend yield of 0.2%.

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,873 shares of the construction company's stock, valued at approximately $1,002,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after buying an additional 521,147 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of 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 during the last quarter. New Vernon Capital Holdings II LLC acquired a new position in shares of EMCOR Group during the 1st quarter valued at about $114,220,000. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 285,942 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after purchasing an additional 213,631 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on EME. Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. DA Davidson upped their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Stifel Nicolaus upped their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Two equities research analysts have 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Stock Up 0.8%

EME stock traded up $4.91 during midday trading on Friday, reaching $633.83. 10,504,955 shares of the company were exchanged, compared to its average volume of 420,380. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The stock's 50-day simple moving average is $612.05 and its 200 day simple moving average is $499.26. The company has a market cap of $28.37 billion, a price-to-earnings ratio of 26.30 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 earnings per share. The firm's revenue for the quarter was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 payout ratio is 4.15%.

EMCOR Group 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.