Waratah Capital Advisors Ltd. Acquires New Stake in EMCOR Group, Inc. $EME

Waratah Capital Advisors Ltd. bought a new position in EMCOR Group, Inc. (NYSE:EME) in the second quarter, Holdings Channel.com reports. The fund bought 7,273 shares of the construction company’s stock, valued at approximately $3,890,000.

Several other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group during the first quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new position in shares of EMCOR Group in the 1st quarter worth approximately $30,000. Groupe la Francaise lifted its stake in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company’s stock valued at $33,000 after purchasing an additional 38 shares during the last quarter. Pandora Wealth Inc. acquired a new stake in EMCOR Group during the first quarter valued at approximately $37,000. Finally, Tobam boosted its holdings in EMCOR Group by 1,900.0% during the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.2%

EME opened at $619.91 on Friday. The company has a market capitalization of $27.75 billion, a PE ratio of 25.72 and a beta of 1.25. The business has a 50-day moving average of $662.62 and a 200-day moving average of $580.96. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, meeting the consensus estimate of $6.57. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s dividend payout ratio is presently 4.02%.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total value of $897,316.50. Following the completion of the sale, the director owned 6,140 shares of the company’s stock, valued at $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EME has been the topic of several research reports. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. William Blair started coverage on shares of EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and boosted their target price for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Stifel Nicolaus increased their price objective on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Robert W. Baird set a $713.00 target price on EMCOR Group in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and an average target price of $692.83.

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.