Robeco Institutional Asset Management B.V. Cuts Holdings in EMCOR Group, Inc. $EME

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in EMCOR Group by 4.7%, selling 5,388 shares, and now holds approximately $59 million in the company's stock.
• Several hedge funds, including AQR Capital Management LLC and Pacer Advisors Inc., significantly increased their holdings, showcasing positive institutional interest in EMCOR Group.
• Analysts have given EMCOR Group a consensus rating of "Moderate Buy" with a target price average of $594.50, indicating ongoing optimism about the company's future performance.

Robeco Institutional Asset Management B.V. lowered its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 110,362 shares of the construction company's stock after selling 5,388 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.25% of EMCOR Group worth $59,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. AQR Capital Management LLC increased its holdings in shares of EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after acquiring an additional 213,631 shares during the last quarter. Northern Trust Corp increased its holdings in shares of EMCOR Group by 3.7% in the 1st quarter. Northern Trust Corp now owns 571,487 shares of the construction company's stock valued at $211,239,000 after acquiring an additional 20,604 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 valued at $197,599,000 after acquiring an additional 521,147 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of EMCOR Group by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock valued at $190,552,000 after acquiring an additional 33,069 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of EMCOR Group by 6.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company's stock valued at $171,852,000 after acquiring an additional 28,038 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Securities assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. DA Davidson upped their target price on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. William Blair assumed coverage on EMCOR Group in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Stock Performance

Shares of EME stock opened at $661.59 on Friday. The company has a market cap of $29.62 billion, a price-to-earnings ratio of 27.45 and a beta of 1.24. The stock has a 50 day simple moving average of $626.92 and a 200-day simple moving average of $514.97. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

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.

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