Renaissance Technologies LLC Purchases New Position in EMCOR Group, Inc. $EME

Renaissance Technologies LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 600 shares of the construction company’s stock, valued at approximately $443,000.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in EMCOR Group by 26.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 25,085 shares of the construction company’s stock valued at $18,521,000 after purchasing an additional 5,265 shares during the last quarter. Modern Wealth Management LLC increased its holdings in shares of EMCOR Group by 11.5% in the 1st quarter. Modern Wealth Management LLC now owns 427 shares of the construction company’s stock worth $325,000 after purchasing an additional 44 shares in the last quarter. Greenline Wealth Management LLC raised its stake in shares of EMCOR Group by 18.9% in the first quarter. Greenline Wealth Management LLC now owns 277 shares of the construction company’s stock worth $204,000 after purchasing an additional 44 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of EMCOR Group by 154.9% during the first quarter. Bank of Nova Scotia now owns 37,362 shares of the construction company’s stock valued at $27,585,000 after purchasing an additional 22,707 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in shares of EMCOR Group by 46.1% during the first quarter. Lido Advisors LLC now owns 1,094 shares of the construction company’s stock valued at $808,000 after purchasing an additional 345 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EMCOR Group

In related news, Director Carol P. Lowe sold 950 shares of the firm’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 transaction, the director owned 17,278 shares of the company’s stock, valued at approximately $14,591,271. This trade represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on EME. Cantor Fitzgerald reduced their price objective on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating for the company in a report on Monday, August 10th. 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. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a research note on Thursday, April 30th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, EMCOR Group has a consensus rating of “Buy” and a consensus price target of $965.86.

EMCOR Group Price Performance

Shares of EME opened at $863.28 on Tuesday. The firm has a market capitalization of $38.08 billion, a P/E ratio of 26.85 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $564.92 and a one year high of $951.96. The business has a fifty day moving average of $798.23 and a 200 day moving average of $798.93.

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

EMCOR Group Dividend Announcement

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

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.