Nordea Investment Management AB Has $210.28 Million Holdings in EMCOR Group, Inc. $EME

Nordea Investment Management AB grew its position in EMCOR Group, Inc. (NYSE:EME) by 63.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 395,110 shares of the construction company’s stock after purchasing an additional 153,948 shares during the period. Nordea Investment Management AB owned about 0.88% of EMCOR Group worth $210,278,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EME. GAMMA Investing LLC increased its position in EMCOR Group by 34.9% in the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company’s stock worth $374,000 after purchasing an additional 262 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of EMCOR Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company’s stock valued at $7,317,000 after acquiring an additional 3,407 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of EMCOR Group by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,387 shares of the construction company’s stock valued at $1,991,000 after acquiring an additional 140 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in EMCOR Group in the 1st quarter worth approximately $380,000. Finally, Blue Trust Inc. boosted its position in EMCOR Group by 3.9% during the first quarter. Blue Trust Inc. now owns 1,553 shares of the construction company’s stock worth $574,000 after purchasing an additional 58 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

EMCOR Group stock opened at $689.81 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market capitalization of $30.88 billion, a PE ratio of 28.62 and a beta of 1.24. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $697.91. The business has a 50 day simple moving average of $638.04 and a 200 day simple moving average of $536.82.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the company earned $5.25 EPS. EMCOR Group’s revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.1%. EMCOR Group’s payout ratio is presently 4.15%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EME. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Robert W. Baird initiated coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an “outperform” rating and a $560.00 target price for the company. TD Securities initiated coverage on EMCOR Group in a research report on Friday, June 27th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $654.83.

EMCOR Group Profile

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.