M&T Bank Corp Has $2.37 Million Stake in EMCOR Group, Inc. $EME

Key Points

• M&T Bank Corp increased its stake in EMCOR by 193.4% in Q4 to 3,867 shares worth about $2.37 million.
• CEO Anthony Guzzi sold 36,000 shares at an average $729.48 for roughly $26.26 million on March 5, trimming his holding by 17.45% (insiders own 0.83% of the company).
• EMCOR beat Q4 expectations, reporting $7.19 EPS vs. $6.68 expected and revenue of $4.51 billion (up 19.7% YoY), and set FY2026 guidance of $27.25–$29.25 EPS versus sell-side consensus of about $28.24.

M&T Bank Corp grew its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 193.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,867 shares of the construction company's stock after buying an additional 2,549 shares during the period. M&T Bank Corp's holdings in EMCOR Group were worth $2,366,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of EMCOR Group by 17.6% during the third quarter. Vanguard Group Inc. now owns 5,332,636 shares of the construction company's stock worth $3,463,760,000 after purchasing an additional 798,975 shares during the period. Victory Capital Management Inc. grew its holdings in EMCOR Group by 48.8% in the 3rd quarter. Victory Capital Management Inc. now owns 949,360 shares of the construction company's stock valued at $572,351,000 after buying an additional 311,474 shares in the last quarter. State Street Corp grew its holdings in EMCOR Group by 15.2% in the 3rd quarter. State Street Corp now owns 1,852,991 shares of the construction company's stock valued at $1,203,592,000 after buying an additional 244,494 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in EMCOR Group by 68.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 489,658 shares of the construction company's stock valued at $318,052,000 after buying an additional 198,657 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in EMCOR Group by 29,086.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 111,494 shares of the construction company's stock valued at $68,211,000 after buying an additional 111,112 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Anthony Guzzi sold 36,000 shares of EMCOR Group stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the transaction, the chief executive officer owned 170,299 shares in the company, valued at approximately $124,229,714.52. This trade represents a 17.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company's stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $885.88 on Tuesday. The stock's fifty day moving average price is $770.08 and its two-hundred day moving average price is $703.23. EMCOR Group, Inc. has a one year low of $374.64 and a one year high of $888.05. The firm has a market cap of $39.37 billion, a PE ratio of 31.38 and a beta of 1.11.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $6.68 by $0.51. EMCOR Group had a return on equity of 35.89% and a net margin of 7.49%.The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter last year, the company earned $6.32 EPS. The company's revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 27.250-29.250 EPS. Sell-side analysts expect that EMCOR Group, Inc. will post 28.24 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $0.40 dividend. The ex-dividend date is Thursday, April 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is presently 5.67%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Cantor Fitzgerald assumed coverage on EMCOR Group in a report on Tuesday, March 10th. They issued an "overweight" rating and a $848.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of EMCOR Group in a report on Monday, April 20th. UBS Group upped their price objective on EMCOR Group from $900.00 to $945.00 and gave the company a "buy" rating in a report on Friday, March 6th. Robert W. Baird upped their price objective on EMCOR Group from $713.00 to $808.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Finally, Wall Street Zen lowered EMCOR Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $796.86.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR's service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.