Mn Services Vermogensbeheer B.V. Invests $9.09 Million in EMCOR Group, Inc. $EME

Key Points

• Mn Services Vermogensbeheer B.V. invested $9.09 million in EMCOR Group, acquiring 17,000 shares during the 2nd quarter.
• EMCOR Group reported a 17.4% year-over-year increase in revenue, with earnings per share (EPS) of $6.72, surpassing the consensus estimate by $1.04.
• The company declared a quarterly dividend of $0.25 per share, yielding 0.2% with a payout ratio of 4.15%.

Mn Services Vermogensbeheer B.V. acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 17,000 shares of the construction company's stock, valued at approximately $9,093,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of 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 in the last quarter. Northern Trust Corp boosted its holdings in shares of EMCOR Group by 3.7% in the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company's stock valued at $211,239,000 after buying an additional 20,604 shares during the last quarter. Pacer Advisors Inc. lifted 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 valued at $197,599,000 after purchasing an additional 521,147 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in EMCOR Group by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock worth $190,552,000 after buying an additional 33,069 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of EMCOR Group by 6.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company's stock worth $171,852,000 after purchasing an additional 28,038 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

NYSE:EME opened at $633.83 on Friday. The firm has a market capitalization of $28.37 billion, a PE ratio of 26.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a 50-day simple moving average of $612.05 and a two-hundred day simple moving average of $498.53. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the company earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared 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. 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 (DPR) is currently 4.15%.

Wall Street Analyst Weigh In

EME has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. UBS Group set a $750.00 price objective on EMCOR Group and gave the company a "buy" rating in a report on Tuesday, August 5th. TD Securities assumed coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Stifel Nicolaus upped their price target on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $594.50.

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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