PNC Financial Services Group Inc. Acquires 203 Shares of EMCOR Group, Inc. $EME

PNC Financial Services Group Inc. increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 5.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,647 shares of the construction company’s stock after purchasing an additional 203 shares during the period. PNC Financial Services Group Inc.’s holdings in EMCOR Group were worth $1,951,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its position in 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 in the last quarter. New Vernon Capital Holdings II LLC bought a new stake in EMCOR Group during the first quarter valued at about $114,220,000. Jones Financial Companies Lllp grew its stake in EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock valued at $105,881,000 after purchasing an additional 285,942 shares during the last quarter. AQR Capital Management LLC raised its holdings in EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of EMCOR Group during the first quarter valued at about $71,821,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EME. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $495.00 to $676.00 in a report on Tuesday, October 7th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. UBS Group set a $750.00 price objective on EMCOR Group and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Stifel Nicolaus increased their price target on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Trading Down 1.6%

NYSE:EME opened at $604.73 on Thursday. The company has a market capitalization of $27.07 billion, a P/E ratio of 25.09 and a beta of 1.25. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64. The firm has a fifty day simple moving average of $661.63 and a 200-day simple moving average of $585.08.

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

EMCOR Group Announces Dividend

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

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the transaction, the director 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.83% of the company’s stock.

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.