Candriam S.C.A. Raises Stock Position in EMCOR Group, Inc. $EME

Candriam S.C.A. grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 244.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,313 shares of the construction company’s stock after acquiring an additional 19,373 shares during the period. Candriam S.C.A. owned about 0.06% of EMCOR Group worth $14,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey grew its holdings in EMCOR Group by 2.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,814 shares of the construction company’s stock valued at $8,994,000 after buying an additional 324 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of EMCOR Group by 5.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,647 shares of the construction company’s stock worth $1,951,000 after acquiring an additional 203 shares during the last quarter. denkapparat Operations GmbH grew its stake in EMCOR Group by 30.0% during the second quarter. denkapparat Operations GmbH now owns 2,348 shares of the construction company’s stock valued at $1,256,000 after acquiring an additional 542 shares in the last quarter. Tobam increased its holdings in EMCOR Group by 1,900.0% in the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after acquiring an additional 76 shares during the last quarter. Finally, Forsta AP Fonden lifted its stake in EMCOR Group by 22.5% in the 2nd quarter. Forsta AP Fonden now owns 30,481 shares of the construction company’s stock worth $16,304,000 after purchasing an additional 5,600 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EME shares. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a report on Friday, October 31st. UBS Group set a $750.00 price target on EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. Stifel Nicolaus lifted 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. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and increased their target price for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Finally, Northcoast Research lowered shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

Insider Activity at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the transaction, the director directly owned 6,140 shares in the company, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

EMCOR Group Price Performance

NYSE:EME opened at $618.78 on Friday. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 25.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business has a 50 day simple moving average of $662.73 and a 200-day simple moving average of $578.34. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64.

EMCOR Group (NYSE:EME) last released its earnings results 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 the consensus estimate of $4.27 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 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.02%.

About EMCOR Group

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.