Pallas Capital Advisors LLC Purchases Shares of 4,567 EMCOR Group, Inc. $EME

Key Points

• Pallas Capital Advisors purchased 4,567 EMCOR Group shares worth approximately $3.79 million in the second quarter. Institutional investors collectively own 92.59% of the company.
• EMCOR reported strong quarterly results, with $9.06 in earnings per share and $5.15 billion in revenue, exceeding analyst estimates; revenue rose 19.7% year over year.
• Analyst sentiment remains positive, with a consensus “Buy” rating and a $965.86 target price. UBS recently raised its target to $1,065, while EMCOR continues to pay a $0.40 quarterly dividend.

Pallas Capital Advisors LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,567 shares of the construction company's stock, valued at approximately $3,790,000.

Several other hedge funds also recently added to or reduced their stakes in the business. North Dakota State Investment Board acquired a new stake in shares of EMCOR Group in the fourth quarter valued at about $928,000. Thrivent Financial for Lutherans increased its holdings in EMCOR Group by 663.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company's stock valued at $69,476,000 after buying an additional 98,687 shares in the last quarter. Passumpsic Savings Bank acquired a new stake in shares of EMCOR Group during the 4th quarter valued at approximately $1,726,000. Chase Investment Counsel Corp boosted its stake in shares of EMCOR Group by 152.1% during the 4th quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company's stock worth $1,742,000 after acquiring an additional 1,719 shares in the last quarter. Finally, Spectrum Strategic Capital Management LLC purchased a new stake in shares of EMCOR Group during the 4th quarter worth approximately $970,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EMCOR Group

In other news, Director Carol P. Lowe sold 950 shares of the firm's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the transaction, the director owned 17,278 shares of the company's stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of EMCOR Group in a research report on Friday, July 17th. UBS Group raised their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wall Street Zen upgraded EMCOR Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Finally, DA Davidson set a $1,047.00 target price on EMCOR Group in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, EMCOR Group currently has a consensus rating of "Buy" and a consensus target price of $965.86.

EMCOR Group Stock Performance

Shares of EME stock opened at $863.28 on Tuesday. The firm has a market capitalization of $38.08 billion, a price-to-earnings ratio of 26.85 and a beta of 1.14. The company has a 50 day moving average price of $798.23 and a 200 day moving average price of $798.93. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping analysts' consensus estimates of $7.23 by $1.83. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio is presently 4.98%.

EMCOR Group 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.

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