Public Employees Retirement System of Ohio Makes New $20.04 Million Investment in EMCOR Group, Inc. $EME

Key Points

• Public Employees Retirement System of Ohio acquired 24,146 EMCOR Group shares worth approximately $20.04 million, while institutional investors collectively own 92.59% of the company.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $965.86; recent actions included a Zacks upgrade to “Strong Buy” and a Cantor Fitzgerald target reduction to $1,047.
• EMCOR reported strong quarterly results, with earnings of $9.06 per share versus the $7.23 consensus and revenue of $5.15 billion, up 19.7% year over year. The stock opened at $740.85, down 4.4%, and the company maintains annualized dividends of $1.60 per share.

Public Employees Retirement System of Ohio purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,146 shares of the construction company's stock, valued at approximately $20,038,000. Public Employees Retirement System of Ohio owned approximately 0.05% of EMCOR Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Great Lakes Advisors LLC increased its holdings in shares of EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock worth $218,000 after buying an additional 144 shares in the last quarter. Geneos Wealth Management Inc. grew its position in EMCOR Group by 93.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock worth $81,000 after acquiring an additional 106 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in EMCOR Group during the 2nd quarter valued at $459,000. Baird Financial Group Inc. raised its position in EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company's stock valued at $3,113,000 after purchasing an additional 275 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in EMCOR Group by 406.1% during the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company's stock worth $2,442,000 after buying an additional 3,663 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EME. Zacks Research upgraded shares of EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded shares of EMCOR Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Weiss Ratings lowered EMCOR Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday. Cantor Fitzgerald lowered their target price on 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. Finally, DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $965.86.

Insider Transactions at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the business'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 transaction of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at approximately $14,591,271. The trade was a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.73% of the company's stock.

EMCOR Group Stock Down 4.4%

Shares of EMCOR Group stock opened at $740.85 on Friday. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The business has a fifty day simple moving average of $789.57 and a 200 day simple moving average of $801.29. The stock has a market cap of $32.68 billion, a PE ratio of 23.04 and a beta of 1.14.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating the consensus estimate of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) 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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