Swedbank AB Boosts Stake in EMCOR Group, Inc. $EME

Key Points

• Swedbank AB increased its stake in EMCOR Group by 40.5% during the first quarter, owning approximately 0.48% of the company with shares valued at $79,708,000.
• EMCOR Group reported a net margin of 7.07% and $6.72 EPS for the last quarter, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.25, representing an annual yield of 0.2%.

Swedbank AB raised its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 40.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,643 shares of the construction company's stock after buying an additional 62,200 shares during the quarter. Swedbank AB owned about 0.48% of EMCOR Group worth $79,708,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EME. Pacer Advisors Inc. raised its stake in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after buying an additional 521,147 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of EMCOR Group by 49,775.5% in the 1st 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 in the last quarter. New Vernon Capital Holdings II LLC bought a new stake in shares of EMCOR Group in the 1st quarter worth $114,220,000. Jones Financial Companies Lllp increased its holdings in shares of EMCOR Group by 56,287.8% in the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock worth $105,881,000 after purchasing an additional 285,942 shares in the last quarter. Finally, 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 worth $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on EME. The Goldman Sachs Group lifted their target price on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. UBS Group set a $750.00 target price on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group began coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Robert W. Baird began coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

NYSE:EME traded up $13.56 during mid-day trading on Thursday, hitting $630.28. 289,022 shares of the company traded hands, compared to its average volume of 474,334. The stock's fifty day moving average price is $608.87 and its 200-day moving average price is $495.23. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 26.22 and a beta of 1.28.

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

EMCOR Group Dividend Announcement

The firm also recently disclosed 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 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.