Mirae Asset Global Investments Co. Ltd. Has $2.75 Million Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in EMCOR Group by 25.9%, acquiring 1,058 additional shares to reach a total of 5,145 shares valued at approximately $2.75 million.
• Institutional investors currently own 92.59% of EMCOR Group, with notable increases in holdings by Pacer Advisors and Jones Financial Companies, highlighting strong institutional interest.
• EMCOR Group reported $6.72 earnings per share, surpassing analysts' expectations of $5.68, with revenue for the quarter rising by 17.4% year-over-year.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 25.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,145 shares of the construction company's stock after purchasing an additional 1,058 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in EMCOR Group were worth $2,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pacer Advisors Inc. increased its holdings in EMCOR Group by 3,878.2% during the 1st 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 in the last quarter. New Vernon Capital Holdings II LLC bought a new position in EMCOR Group during the 1st quarter worth about $114,220,000. Jones Financial Companies Lllp increased its holdings in EMCOR Group by 56,287.8% during the 1st 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 in the last quarter. AQR Capital Management LLC increased its holdings in EMCOR Group by 43.6% during the 1st 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 in the last quarter. Finally, Nuveen LLC bought a new position in EMCOR Group during the 1st quarter worth about $71,821,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Price Performance

Shares of EME opened at $673.59 on Wednesday. The company has a market cap of $30.15 billion, a price-to-earnings ratio of 27.95 and a beta of 1.24. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $685.82. The company's fifty day simple moving average is $628.82 and its 200 day simple moving average is $521.45. 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 for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.1%. EMCOR Group's dividend payout ratio is currently 4.15%.

Analyst Ratings Changes

A number of research firms have issued reports on EME. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. The Goldman Sachs Group upgraded shares of EMCOR Group from a "sell" rating to a "neutral" rating and set a $676.00 target price for the company in a report on Tuesday. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Jefferies Financial Group started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Finally, William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and an average target price of $634.67.

About EMCOR Group

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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