Pacer Advisors Inc. lowered its position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,911 shares of the construction company’s stock after selling 941 shares during the quarter. Pacer Advisors Inc.’s holdings in EMCOR Group were worth $7,317,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in EME. Whittier Trust Co. of Nevada Inc. grew its stake in EMCOR Group by 3.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock worth $270,000 after buying an additional 13 shares during the last quarter. PAX Financial Group LLC grew its position in EMCOR Group by 3.6% during the 4th quarter. PAX Financial Group LLC now owns 404 shares of the construction company’s stock worth $247,000 after acquiring an additional 14 shares during the last quarter. First National Bank of Hutchinson increased its holdings in EMCOR Group by 0.9% during the 4th quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company’s stock valued at $987,000 after purchasing an additional 15 shares in the last quarter. Advisors Capital Management LLC boosted its stake in EMCOR Group by 3.4% in the fourth quarter. Advisors Capital Management LLC now owns 450 shares of the construction company’s stock worth $275,000 after purchasing an additional 15 shares in the last quarter. Finally, KPP Advisory Services LLC increased its stake in shares of EMCOR Group by 3.9% in the fourth quarter. KPP Advisory Services LLC now owns 399 shares of the construction company’s stock valued at $244,000 after buying an additional 15 shares in the last quarter. 92.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on EME. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Friday, July 17th. Oppenheimer raised their price target on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, July 31st. UBS Group boosted their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Stifel Nicolaus set a $918.00 target price on EMCOR Group in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus price target of $898.75.
Insider Buying and Selling
In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the sale, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This represents a 5.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William P. Reid sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the completion of the sale, the director owned 10,149 shares in the company, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.73% of the company’s stock.
EMCOR Group Price Performance
Shares of NYSE EME opened at $822.38 on Thursday. The company’s 50 day simple moving average is $799.04 and its 200 day simple moving average is $791.85. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The firm has a market capitalization of $36.28 billion, a P/E ratio of 25.58 and a beta of 1.14.
EMCOR Group (NYSE:EME – Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $9.06 EPS for the quarter, beating the consensus estimate of $7.23 by $1.83. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Sell-side analysts expect that EMCOR Group, Inc. will post 32.91 EPS for the current fiscal year.
EMCOR Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is 4.98%.
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.
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