Five Oceans Advisors Acquires New Shares in EMCOR Group, Inc. $EME

Key Points

• Five Oceans Advisors has acquired a new stake in EMCOR Group, Inc. by purchasing 418 shares valued at approximately $224,000.
• Institutional investors own 92.59% of EMCOR Group, with significant increases in share ownership from multiple firms during the last quarter.
• Analyst ratings for EMCOR Group indicate strong support, with Zacks elevating the stock from "hold" to "strong-buy" and multiple firms setting target prices between $435.00 and $750.00.

Five Oceans Advisors acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 418 shares of the construction company's stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also bought and sold shares of EME. Pacer Advisors Inc. boosted its position 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 last quarter. GAMMA Investing LLC boosted its position in EMCOR Group by 49,775.5% in the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new position in EMCOR Group in the first quarter worth about $114,220,000. Jones Financial Companies Lllp boosted its position in EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock worth $105,881,000 after purchasing an additional 285,942 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock worth $253,065,000 after purchasing an additional 213,631 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on EME. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. DA Davidson raised their target price on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. UBS Group set a $750.00 price objective on EMCOR Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, The Goldman Sachs Group lifted their price objective on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Down 0.1%

Shares of EME opened at $625.91 on Friday. The business's 50 day moving average is $618.70 and its 200 day moving average is $505.76. The company has a market capitalization of $28.02 billion, a PE ratio of 25.97 and a beta of 1.28. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. 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 issued its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $1.04. The company 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 firm's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) 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.

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