Plato Investment Management Ltd Acquires New Stake in EMCOR Group, Inc. $EME

Plato Investment Management Ltd bought a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,352 shares of the construction company’s stock, valued at approximately $1,940,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss RE Ltd. acquired a new stake in shares of EMCOR Group during the fourth quarter worth about $25,000. Ascentis Independent Advisors acquired a new position in shares of EMCOR Group in the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new position in shares of EMCOR Group in the fourth quarter valued at approximately $28,000. Activest Wealth Management increased its stake in EMCOR Group by 800.0% during the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after buying an additional 48 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its holdings in EMCOR Group by 4,700.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after buying an additional 47 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EME has been the subject of several research reports. UBS Group boosted their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Oppenheimer lifted their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald cut their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $965.86.

Insider Activity

In other news, Director Carol P. Lowe sold 950 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the transaction, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.73% of the company’s stock.

EMCOR Group Trading Up 3.2%

Shares of EME opened at $863.28 on Tuesday. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The firm’s fifty day simple moving average is $798.23 and its 200-day simple moving average is $798.93. The firm has a market capitalization of $38.08 billion, a price-to-earnings ratio of 26.85 and a beta of 1.14.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s payout ratio is 4.98%.

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.