OMERS ADMINISTRATION Corp Acquires New Stake in EMCOR Group, Inc. $EME

OMERS ADMINISTRATION Corp acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the second quarter, Holdings Channel reports. The firm acquired 3,158 shares of the construction company’s stock, valued at approximately $2,621,000.

Several other hedge funds have also added to or reduced their stakes in EME. North Dakota State Investment Board bought a new stake in shares of EMCOR Group during the fourth quarter valued at approximately $928,000. Thrivent Financial for Lutherans raised its holdings in EMCOR Group by 663.4% in the 4th 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 bought a new position in EMCOR Group in the 4th quarter valued at approximately $1,726,000. Chase Investment Counsel Corp lifted its position in EMCOR Group by 152.1% in the 4th quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock valued at $1,742,000 after acquiring an additional 1,719 shares in the last quarter. Finally, Spectrum Strategic Capital Management LLC purchased a new stake in EMCOR Group during the 4th quarter valued at $970,000. 92.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the stock in a transaction dated Wednesday, June 17th. The stock was 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 represents a 5.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the subject of a number of research analyst reports. Wall Street Zen raised EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Cantor Fitzgerald lowered their price target on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. DA Davidson set a $1,047.00 price objective on EMCOR Group in a research report on Monday, August 10th. UBS Group lifted their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, EMCOR Group has a consensus rating of “Buy” and an average target price of $965.86.

EMCOR Group Trading Down 3.4%

NYSE:EME opened at $739.04 on Wednesday. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The company has a market cap of $32.60 billion, a PE ratio of 22.99 and a beta of 1.14. The company has a 50 day simple moving average of $793.95 and a two-hundred day simple moving average of $801.30.

EMCOR Group (NYSE:EME) last announced 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 business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.72 EPS. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Research analysts forecast that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a 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.