Genus Capital Management Inc. Has $10.66 Million Holdings in EMCOR Group, Inc. $EME

Genus Capital Management Inc. increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 233.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 19,920 shares of the construction company’s stock after acquiring an additional 13,940 shares during the quarter. EMCOR Group accounts for 1.4% of Genus Capital Management Inc.’s portfolio, making the stock its 17th largest holding. Genus Capital Management Inc.’s holdings in EMCOR Group were worth $10,655,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA boosted its position in shares of EMCOR Group by 28.6% during the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company’s stock worth $103,000 after acquiring an additional 62 shares in the last quarter. Mutual Advisors LLC raised its position in EMCOR Group by 21.8% during the first quarter. Mutual Advisors LLC now owns 1,107 shares of the construction company’s stock valued at $454,000 after purchasing an additional 198 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in EMCOR Group by 7.1% during the first quarter. IFM Investors Pty Ltd now owns 9,218 shares of the construction company’s stock worth $3,407,000 after purchasing an additional 615 shares during the last quarter. World Investment Advisors boosted its holdings in shares of EMCOR Group by 53.5% in the 1st quarter. World Investment Advisors now owns 1,093 shares of the construction company’s stock valued at $404,000 after purchasing an additional 381 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of EMCOR Group by 384.0% in the 1st quarter. Penserra Capital Management LLC now owns 1,026 shares of the construction company’s stock valued at $378,000 after purchasing an additional 814 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on EME. Northcoast Research cut EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a report on Thursday, August 7th. The Goldman Sachs Group raised EMCOR Group from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a report on Friday. Finally, Stifel Nicolaus upped their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $692.83.

EMCOR Group Stock Performance

NYSE:EME opened at $654.39 on Wednesday. The stock’s 50-day moving average is $659.68 and its 200-day moving average is $568.14. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $778.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The stock has a market cap of $29.29 billion, a P/E ratio of 27.15 and a beta of 1.25.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting the consensus estimate of $6.57. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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

About EMCOR Group

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.