Achmea Investment Management B.V. Has $28.43 Million Holdings in EMCOR Group, Inc. $EME

Achmea Investment Management B.V. boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,149 shares of the construction company’s stock after buying an additional 6,407 shares during the period. Achmea Investment Management B.V. owned about 0.12% of EMCOR Group worth $28,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. McLean Asset Management Corp raised its holdings in EMCOR Group by 2.8% during the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock worth $379,000 after buying an additional 19 shares during the period. Park Place Capital Corp raised its holdings in EMCOR Group by 6.9% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after buying an additional 20 shares during the period. Simon Quick Advisors LLC raised its holdings in EMCOR Group by 2.1% during the 2nd quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock worth $584,000 after buying an additional 22 shares during the period. NBC Securities Inc. increased its holdings in shares of EMCOR Group by 0.7% in the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock valued at $1,695,000 after purchasing an additional 23 shares during the period. Finally, Institute for Wealth Management LLC. increased its holdings in shares of EMCOR Group by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock valued at $562,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was 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 approximately $4,158,130.80. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Stock Up 3.1%

Shares of EMCOR Group stock opened at $675.07 on Thursday. The stock has a market capitalization of $30.22 billion, a P/E ratio of 28.01 and a beta of 1.25. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $660.68 and a two-hundred day moving average price of $568.89. 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 earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $6.57. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s dividend payout ratio is currently 4.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $495.00 to $676.00 in a report on Tuesday, October 7th. UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. Stifel Nicolaus upped their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a report on Monday, October 13th. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price on the stock. in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $692.83.

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.