Van ECK Associates Corp Has $7.71 Million Stock Holdings in EMCOR Group, Inc. $EME

Van ECK Associates Corp trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 16.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,286 shares of the construction company's stock after selling 1,894 shares during the quarter. Van ECK Associates Corp's holdings in EMCOR Group were worth $7,706,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in EMCOR Group during the first quarter worth approximately $27,000. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $28,000. Clearstead Trust LLC bought a new position in shares of EMCOR Group during the 2nd quarter worth approximately $38,000. Finally, Orion Capital Management LLC bought a new position in shares of EMCOR Group during the 2nd quarter worth approximately $39,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Up 0.1%

EME opened at $735.31 on Wednesday. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 22.87 and a beta of 1.13. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The company has a 50-day simple moving average of $784.79 and a 200 day simple moving average of $800.67.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS 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 net margin of 7.74% and a return on equity of 35.49%. The business's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Sell-side analysts anticipate 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is 4.98%.

Insider Transactions at EMCOR Group

In other EMCOR Group 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 directly owned 17,278 shares in the company, valued at $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 is available at this link. 0.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EME shares. UBS Group increased their price target on EMCOR Group from $975.00 to $1,065.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Oppenheimer upped their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an "outperform" rating in a report on Friday, July 31st. DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research report on Monday, August 10th. Cantor Fitzgerald cut their target price on shares of 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, Weiss Ratings downgraded shares of EMCOR Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, EMCOR Group presently has a consensus rating of "Buy" and an average target price of $965.86.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source