Metis Global Partners LLC Lowers Stock Position in EMCOR Group, Inc. $EME

Metis Global Partners LLC cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,359 shares of the construction company’s stock after selling 268 shares during the quarter. Metis Global Partners LLC’s holdings in EMCOR Group were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of EMCOR Group during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in EMCOR Group during the first quarter valued at about $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 worth $33,000 after purchasing an additional 38 shares during the last quarter. Pandora Wealth Inc. purchased a new position in shares of EMCOR Group in the 1st quarter worth about $37,000. Finally, Harbor Investment Advisory LLC increased its position in shares of EMCOR Group by 110.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 105 shares of the construction company’s stock valued at $56,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was 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 of the company’s stock, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

EME has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a “buy” rating in a report on Tuesday, August 5th. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a research report on Friday, October 31st. Finally, DA Davidson boosted their price target on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Two equities research 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $692.83.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $640.38 on Wednesday. The company’s fifty day simple moving average is $662.82 and its two-hundred day simple moving average is $577.60. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $778.64. The firm has a market cap of $28.67 billion, a PE ratio of 26.57 and a beta of 1.25. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

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

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th were issued a $0.25 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. 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.