Asset Management One Co. Ltd. Reduces Position in EMCOR Group, Inc. $EME

Asset Management One Co. Ltd. trimmed its holdings in EMCOR Group, Inc. (NYSE:EME) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,823 shares of the construction company’s stock after selling 257 shares during the quarter. Asset Management One Co. Ltd.’s holdings in EMCOR Group were worth $11,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in shares of EMCOR Group by 3,878.2% during 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. New Vernon Capital Holdings II LLC purchased a new stake in shares of EMCOR Group during the 1st quarter valued at about $114,220,000. Jones Financial Companies Lllp boosted its holdings in shares of EMCOR Group by 56,287.8% during the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock valued at $105,881,000 after acquiring an additional 285,942 shares during the last quarter. AQR Capital Management LLC boosted its stake 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 buying an additional 213,631 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of EMCOR Group in the 1st quarter worth $71,821,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

NYSE EME opened at $748.23 on Monday. The company has a market capitalization of $33.49 billion, a PE ratio of 31.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The business’s fifty day moving average is $646.43 and its 200 day moving average is $551.11. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $752.52.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EME. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. DA Davidson raised their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target on the stock. in a research note on Thursday, August 7th. Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Finally, William Blair began coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $654.83.

EMCOR Group 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.