Concurrent Investment Advisors LLC Cuts Stock Position in EMCOR Group, Inc. $EME

Concurrent Investment Advisors LLC cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 2.9% in the second quarter, Holdings Channel reports. The institutional investor owned 13,821 shares of the construction company’s stock after selling 412 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in EMCOR Group were worth $7,392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after buying an additional 213,631 shares in the last quarter. Northern Trust Corp increased its position in shares of EMCOR Group by 3.7% during the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company’s stock worth $211,239,000 after purchasing an additional 20,604 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock worth $197,599,000 after purchasing an additional 521,147 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in shares of EMCOR Group by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company’s stock worth $190,552,000 after purchasing an additional 33,069 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of EMCOR Group by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 457,661 shares of the construction company’s stock worth $171,852,000 after purchasing an additional 28,038 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EME has been the subject of several research reports. Hovde Group upgraded EMCOR Group to a “hold” rating in a research report on Friday, June 27th. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Finally, Stifel Nicolaus boosted their price target on EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $634.67.

EMCOR Group Stock Performance

NYSE EME opened at $663.92 on Monday. The stock’s fifty day moving average is $631.80 and its two-hundred day moving average is $528.20. The firm has a market capitalization of $29.72 billion, a P/E ratio of 27.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $697.91.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s dividend payout ratio is 4.15%.

EMCOR Group Company 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.