Public Sector Pension Investment Board Grows Stock Position in EMCOR Group, Inc. $EME

Key Points

• The Public Sector Pension Investment Board increased its stake in EMCOR Group, Inc. by 124.0%, holding shares worth approximately $7.45 million after acquiring additional shares.
• Institutional investors now own 92.59% of EMCOR Group's stock, reflecting significant interest from various hedge funds.
• EMCOR Group reported strong quarterly earnings of $6.72 EPS, exceeding analyst expectations, and a revenue increase of 17.4% year-over-year.

Public Sector Pension Investment Board grew its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 124.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,158 shares of the construction company's stock after purchasing an additional 11,158 shares during the quarter. Public Sector Pension Investment Board's holdings in EMCOR Group were worth $7,451,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BankPlus Trust Department raised its position in EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after purchasing an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of EMCOR Group during the 1st quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of EMCOR Group during the first quarter worth $30,000. Pandora Wealth Inc. acquired a new stake in shares of EMCOR Group during the 1st quarter worth $37,000. Finally, Continuum Advisory LLC lifted its position in shares of EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after buying an additional 29 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on 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 started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an "outperform" rating and a $560.00 target price on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Trading Down 0.7%

Shares of NYSE:EME traded down $4.38 during trading on Tuesday, reaching $608.54. The company's stock had a trading volume of 45,859 shares, compared to its average volume of 482,375. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The firm's 50 day simple moving average is $559.10 and its two-hundred day simple moving average is $466.74. The stock has a market capitalization of $27.24 billion, a PE ratio of 25.25 and a beta of 1.27. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64.

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

EMCOR Group Dividend Announcement

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

EMCOR Group Company Profile

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.