Seizert Capital Partners LLC Has $10.19 Million Stock Holdings in EMCOR Group, Inc. $EME

Seizert Capital Partners LLC cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 26.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,683 shares of the construction company’s stock after selling 5,503 shares during the quarter. Seizert Capital Partners LLC’s holdings in EMCOR Group were worth $10,187,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in EMCOR Group in the 2nd quarter valued at $344,548,000. Nordea Investment Management AB boosted its position in EMCOR Group by 63.8% during the 2nd quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock worth $210,278,000 after buying an additional 153,948 shares during the period. Federated Hermes Inc. increased its stake in shares of EMCOR Group by 56.4% in the second quarter. Federated Hermes Inc. now owns 322,437 shares of the construction company’s stock valued at $172,468,000 after buying an additional 116,289 shares during the period. American Century Companies Inc. boosted its position in EMCOR Group by 40.2% during the second quarter. American Century Companies Inc. now owns 349,517 shares of the construction company’s stock valued at $186,953,000 after acquiring an additional 100,144 shares during the last quarter. Finally, Symphony Financial Ltd. Co. bought a new position in shares of EMCOR Group during the 2nd quarter worth approximately $47,504,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction 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 completion of the sale, the director directly owned 6,140 shares of the company’s stock, valued at $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.26% of the company’s stock.

EMCOR Group Trading Down 2.0%

Shares of EMCOR Group stock opened at $684.64 on Tuesday. The business has a fifty day simple moving average of $627.94 and a two-hundred day simple moving average of $631.12. The firm has a market capitalization of $30.65 billion, a P/E ratio of 27.53 and a beta of 1.17. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $778.64.

EMCOR Group (NYSE:EME) last announced its quarterly 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. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm earned $5.80 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has approved a share repurchase plan on Thursday, December 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

EMCOR Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.40 per share. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 6.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EME shares. Stifel Nicolaus lifted 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. Wall Street Zen downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. DA Davidson upped their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Robert W. Baird set a $713.00 target price on shares of EMCOR Group in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average price target of $692.83.

EMCOR Group Company Profile

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.