Paralel Advisors LLC Takes $2.60 Million Position in EMCOR Group, Inc. $EME

Paralel Advisors LLC acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,129 shares of the construction company’s stock, valued at approximately $2,597,000.

Several other hedge funds have also modified their holdings of EME. North Dakota State Investment Board acquired a new position in EMCOR Group in the fourth quarter valued at $928,000. Thrivent Financial for Lutherans increased its stake in EMCOR Group by 663.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 113,562 shares of the construction company’s stock worth $69,476,000 after acquiring an additional 98,687 shares during the last quarter. Passumpsic Savings Bank acquired a new stake in EMCOR Group during the fourth quarter worth about $1,726,000. Chase Investment Counsel Corp raised its holdings in shares of EMCOR Group by 152.1% in the 4th quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock worth $1,742,000 after purchasing an additional 1,719 shares during the period. Finally, Banque Cantonale Vaudoise raised its holdings in shares of EMCOR Group by 285.7% in the 4th quarter. Banque Cantonale Vaudoise now owns 9,465 shares of the construction company’s stock worth $5,791,000 after purchasing an additional 7,011 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

EMCOR Group Price Performance

NYSE:EME opened at $788.39 on Friday. The business’s 50-day moving average is $798.27 and its two-hundred day moving average is $800.61. The firm has a market capitalization of $34.78 billion, a PE ratio of 24.52 and a beta of 1.14. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96.

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

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EME. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. UBS Group raised their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. Finally, DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $965.86.

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.