Livforsakringsbolaget Skandia Omsesidigt Purchases 73,000 Shares of EMCOR Group, Inc. $EME

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its stake in EMCOR Group by 1,398.7%, owning approximately $41.84 million worth of shares, making it the investment's 22nd largest holding.
• Multiple institutional investors, including Pacer Advisors Inc. and Jones Financial Companies Lllp, have also greatly increased their holdings in EMCOR Group, reflecting 92.59% institutional ownership overall.
• Analyst ratings for EMCOR Group show a consensus rating of "Moderate Buy" with a target price of $594.50, influenced by various price objective increases from notable research firms.

Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 1,398.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,219 shares of the construction company's stock after purchasing an additional 73,000 shares during the period. EMCOR Group accounts for about 0.1% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 22nd largest position. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.17% of EMCOR Group worth $41,839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EME. Little House Capital LLC bought a new position in shares of EMCOR Group during the 2nd quarter valued at $766,000. NBC Securities Inc. raised its holdings in EMCOR Group by 0.7% in the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company's stock worth $1,695,000 after acquiring an additional 23 shares during the period. Lingohr Asset Management GmbH bought a new position in shares of EMCOR Group during the second quarter worth $339,000. Modus Advisors LLC lifted its holdings in EMCOR Group by 1.3% during the second quarter. Modus Advisors LLC now owns 2,784 shares of the construction company's stock worth $1,489,000 after acquiring an additional 35 shares in the last quarter. Finally, OMNI 360 Wealth Inc. bought a new position in shares of EMCOR Group during the 2nd quarter valued at about $217,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a research report on Thursday, August 7th. Robert W. Baird started coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. Hovde Group upgraded EMCOR Group to a "hold" rating in a report on Friday, June 27th. Finally, The Goldman Sachs Group boosted their target price on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. Two investment analysts have 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 MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Up 0.8%

Shares of EMCOR Group stock traded up $4.91 on Friday, reaching $633.83. 10,504,955 shares of the company were exchanged, compared to its average volume of 420,380. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64. The company has a market capitalization of $28.37 billion, a price-to-earnings ratio of 26.30 and a beta of 1.28. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $612.05 and a 200 day moving average of $498.53.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating 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 firm had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter last year, the company posted $5.25 earnings per share. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities research 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 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 annualized dividend and a yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) 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.