MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $112.93 Million Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in EMCOR Group by 5.8% during the first quarter, ending with approximately $112.93 million worth of shares.
• Multiple institutional investors have recently increased their positions in EMCOR, indicating strong interest, with 92.59% of the stock owned by institutional investors.
• EMCOR Group's stock recently achieved a quarterly earnings report exceeding estimates, with earnings per share of $6.72 compared to the consensus estimate of $5.68.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,509 shares of the construction company's stock after selling 18,910 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.68% of EMCOR Group worth $112,926,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EME. Aptus Capital Advisors LLC boosted its position in EMCOR Group by 23.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 685 shares of the construction company's stock worth $311,000 after purchasing an additional 129 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of EMCOR Group by 94.2% during the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after buying an additional 148,915 shares during the period. Benjamin Edwards Inc. grew its stake in EMCOR Group by 24.1% in the 4th quarter. Benjamin Edwards Inc. now owns 3,597 shares of the construction company's stock valued at $1,633,000 after buying an additional 699 shares during the last quarter. Baird Financial Group Inc. raised its holdings in EMCOR Group by 80.8% in the 4th quarter. Baird Financial Group Inc. now owns 10,395 shares of the construction company's stock worth $4,718,000 after acquiring an additional 4,647 shares during the period. Finally, Captrust Financial Advisors lifted its position in EMCOR Group by 34.0% during the 4th quarter. Captrust Financial Advisors now owns 7,596 shares of the construction company's stock worth $3,448,000 after acquiring an additional 1,926 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EME stock traded up $2.30 during mid-day trading on Tuesday, reaching $623.88. The company's stock had a trading volume of 560,250 shares, compared to its average volume of 473,222. The firm's 50-day moving average is $597.11 and its two-hundred day moving average is $485.57. The company has a market cap of $27.93 billion, a P/E ratio of 25.89 and a beta of 1.28. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. 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 (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 business had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the previous year, the firm posted $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, research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio is currently 4.15%.

Analysts Set New Price Targets

A number of research firms have recently commented on EME. Northcoast Research lowered 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. Robert W. Baird started coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price on the stock. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group began coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group upped their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the company 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 assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

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.