Plato Investment Management Ltd Takes $1.94 Million Position in EMCOR Group, Inc. $EME

Key Points

• Plato Investment Management acquired 2,352 EMCOR Group shares worth approximately $1.94 million in the second quarter. Institutional investors collectively own 92.59% of the company.
• Analysts remain broadly positive, with the stock holding a consensus “Buy” rating and an average price target of $965.86; UBS recently raised its target to $1,065.
• EMCOR reported strong quarterly results, earning $9.06 per share versus the $7.23 estimate and generating $5.15 billion in revenue, up 19.7% year over year. The company also declared a quarterly dividend of $0.40 per share.

Plato Investment Management Ltd acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,352 shares of the construction company's stock, valued at approximately $1,940,000.

A number of other hedge funds also recently bought and sold shares of the business. Swiss RE Ltd. acquired a new position in shares of EMCOR Group during the 4th quarter worth approximately $25,000. Ascentis Independent Advisors acquired a new stake in shares of EMCOR Group in the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new position in EMCOR Group during the fourth quarter worth approximately $28,000. Activest Wealth Management boosted its stake in EMCOR Group by 800.0% during the fourth quarter. Activest Wealth Management now owns 54 shares of the construction company's stock worth $33,000 after buying an additional 48 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC grew its holdings in EMCOR Group by 4,700.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company's stock valued at $35,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lifted their price target on EMCOR Group from $975.00 to $1,065.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of EMCOR Group in a research note on Friday, July 17th. Wall Street Zen upgraded shares of EMCOR Group from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Finally, Cantor Fitzgerald dropped their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $965.86.

EMCOR Group Stock Up 3.2%

Shares of EMCOR Group stock opened at $863.28 on Tuesday. The firm has a market cap of $38.08 billion, a PE ratio of 26.85 and a beta of 1.14. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The business's fifty day simple moving average is $798.23 and its 200-day simple moving average is $798.93.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion during 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% on a year-over-year basis. During the same period last year, the company earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. As a group, equities analysts expect that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is currently 4.98%.

Insider Activity

In other news, Director Carol P. Lowe sold 950 shares of the company's stock in a transaction that occurred 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 directly owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.73% of the company's stock.

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.

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