Universal Beteiligungs und Servicegesellschaft mbH Sells 1,643 Shares of EMCOR Group, Inc. $EME

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 3.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 50,594 shares of the construction company’s stock after selling 1,643 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in EMCOR Group were worth $32,863,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quent Capital LLC purchased a new position in shares of EMCOR Group during the third quarter worth approximately $29,000. Tobam boosted its holdings in shares of EMCOR Group by 1,900.0% in the second quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after purchasing an additional 76 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in EMCOR Group in the second quarter worth approximately $43,000. Hazlett Burt & Watson Inc. increased its holdings in EMCOR Group by 37.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock worth $59,000 after purchasing an additional 30 shares during the period. Finally, True Wealth Design LLC raised its position in EMCOR Group by 333.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock valued at $59,000 after purchasing an additional 70 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EME shares. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday. Stifel Nicolaus increased their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and raised their target price for the company from $495.00 to $676.00 in a research report on Tuesday, October 7th. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a research report on Friday, October 31st. Finally, Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $692.83.

EMCOR Group Stock Down 0.8%

Shares of EMCOR Group stock opened at $702.89 on Friday. The company has a market cap of $31.47 billion, a P/E ratio of 28.26 and a beta of 1.17. The firm’s 50 day moving average price is $631.87 and its 200-day moving average price is $633.14. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the company posted $5.80 earnings per share. EMCOR Group’s revenue for the quarter 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. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

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

EMCOR Group declared that its board has initiated a stock buyback plan on Thursday, December 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

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 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 $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.83% of the stock is currently owned by company insiders.

EMCOR Group 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.