iA Global Asset Management Inc. Sells 9,653 Shares of EMCOR Group, Inc. $EME

iA Global Asset Management Inc. lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 75.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,102 shares of the construction company’s stock after selling 9,653 shares during the period. iA Global Asset Management Inc.’s holdings in EMCOR Group were worth $1,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asahi Life Asset Management CO. LTD. bought a new stake in EMCOR Group during the 3rd quarter worth $445,000. Machina Capital S.A.S. bought a new stake in shares of EMCOR Group in the 3rd quarter valued at about $1,074,000. Wealth Enhancement Advisory Services LLC grew its position in shares of EMCOR Group by 12.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after buying an additional 1,389 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of EMCOR Group by 18.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 23,982 shares of the construction company’s stock valued at $15,577,000 after buying an additional 3,783 shares during the last quarter. Finally, Sierra Summit Advisors LLC bought a new stake in shares of EMCOR Group in the 3rd quarter valued at about $5,459,000. Institutional investors own 92.59% of the company’s stock.

Insider Buying and Selling at EMCOR Group

In related news, Director William P. Reid sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the transaction, the director directly owned 10,149 shares of the company’s stock, valued at approximately $9,395,741.22. This represents a 16.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony Guzzi sold 36,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $729.48, for a total value of $26,261,280.00. Following the transaction, the chief executive officer directly owned 170,299 shares in the company, valued at approximately $124,229,714.52. This trade represents a 17.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 45,077 shares of company stock worth $34,416,471 in the last quarter. Company insiders own 1.26% of the company’s stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $875.56 on Tuesday. EMCOR Group, Inc. has a one year low of $450.68 and a one year high of $951.96. The stock’s 50-day moving average is $806.06 and its 200 day moving average is $722.39. The firm has a market cap of $38.91 billion, a price-to-earnings ratio of 29.37 and a beta of 1.17.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the business earned $5.41 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 28.67 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid 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 of this dividend was Thursday, April 16th. EMCOR Group’s dividend payout ratio is 5.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EME shares. Robert W. Baird upped their price target on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. DA Davidson upped their price target on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Stifel Nicolaus set a $918.00 price target on EMCOR Group in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $799.29.

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.