Public Employees Retirement System of Ohio Purchases 682 Shares of EMCOR Group, Inc. $EME

Key Points

• The Public Employees Retirement System of Ohio increased its stake in EMCOR Group, purchasing an additional 682 shares and bringing its total holdings to 19,043 shares valued at $10,186,000.
• EMCOR Group recently reported earnings of $6.72 per share, surpassing the consensus estimate and revealing a revenue increase of 17.4% year-over-year.
• A range of institutional investors showed significant increases in their positions during the first quarter, contributing to EMCOR Group's strong market presence with institutional ownership now at 92.59%.

Public Employees Retirement System of Ohio increased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,043 shares of the construction company's stock after purchasing an additional 682 shares during the period. Public Employees Retirement System of Ohio's holdings in EMCOR Group were worth $10,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EME. Pacer Advisors Inc. grew its position in shares of EMCOR Group by 3,878.2% in the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after buying an additional 521,147 shares during the period. GAMMA Investing LLC grew its holdings in EMCOR Group by 49,775.5% in the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares during the period. New Vernon Capital Holdings II LLC purchased a new stake in EMCOR Group in the first quarter worth about $114,220,000. Jones Financial Companies Lllp increased its stake in shares of EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock valued at $105,881,000 after purchasing an additional 285,942 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of EMCOR Group by 43.6% during the first 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 during the last quarter. Institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

EME has been the topic of several recent research reports. Hovde Group upgraded EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Stifel Nicolaus increased their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating on the stock. Robert W. Baird assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective on the stock. Finally, DA Davidson boosted their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, EMCOR Group has a consensus rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Trading Up 2.7%

NYSE:EME opened at $641.97 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a market capitalization of $28.73 billion, a price-to-earnings ratio of 26.64 and a beta of 1.28. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64. The business has a fifty day moving average price of $620.23 and a 200-day moving average price of $508.48.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. EMCOR Group's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group's dividend payout ratio is currently 4.15%.

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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