EMCOR Group, Inc. $EME Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in EMCOR Group, Inc. (NYSE:EME) by 32.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 135,565 shares of the construction company’s stock after selling 63,943 shares during the period. Pacer Advisors Inc.’s holdings in EMCOR Group were worth $88,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. McLean Asset Management Corp lifted its stake in EMCOR Group by 2.8% during the 2nd quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock valued at $379,000 after acquiring an additional 19 shares during the period. Park Place Capital Corp increased its stake in shares of EMCOR Group by 6.9% in the second quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock worth $164,000 after acquiring an additional 20 shares during the period. Simon Quick Advisors LLC raised its holdings in shares of EMCOR Group by 2.1% during the second quarter. Simon Quick Advisors LLC now owns 1,092 shares of the construction company’s stock worth $584,000 after purchasing an additional 22 shares during the last quarter. NBC Securities Inc. lifted its position in EMCOR Group by 0.7% during the second 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. boosted its holdings in EMCOR Group by 2.2% in the second 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 last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EME. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Robert W. Baird set a $713.00 price target on EMCOR Group in a report on Friday, October 31st. Finally, DA Davidson upped their price objective on EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $692.83.

EMCOR Group Stock Up 0.0%

Shares of EMCOR Group stock opened at $625.73 on Friday. The firm has a market cap of $28.01 billion, a PE ratio of 25.16 and a beta of 1.17. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The business has a 50-day moving average price of $642.34 and a 200 day moving average price of $611.56.

EMCOR Group (NYSE:EME) last issued its quarterly 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 company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.EMCOR Group’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

EMCOR Group announced that its board has approved a share repurchase program on Thursday, December 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the transaction, the director directly owned 6,140 shares in the company, 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 SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

About EMCOR Group

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.