Rakuten Investment Management Inc. Acquires New Holdings in EMCOR Group, Inc. $EME

Rakuten Investment Management Inc. bought a new position in EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 45,422 shares of the construction company’s stock, valued at approximately $29,503,000. Rakuten Investment Management Inc. owned approximately 0.10% of EMCOR Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC bought a new stake in EMCOR Group in the third quarter worth $29,000. Tobam increased its holdings in shares of EMCOR Group by 1,900.0% during the 2nd quarter. Tobam now owns 80 shares of the construction company’s stock valued at $43,000 after acquiring an additional 76 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of EMCOR Group in the 2nd quarter valued at approximately $43,000. Hazlett Burt & Watson Inc. lifted its holdings in EMCOR Group by 37.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 110 shares of the construction company’s stock worth $59,000 after purchasing an additional 30 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in EMCOR Group by 333.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock worth $59,000 after purchasing an additional 70 shares during the period. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

EME has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. DA Davidson lifted their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group raised shares of 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 report on Tuesday, October 7th. Robert W. Baird set a $713.00 price target on EMCOR Group in a research report on Friday, October 31st. Finally, Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $692.83.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total transaction of $897,316.50. Following the sale, the director owned 6,140 shares in the company, valued at $4,158,130.80. The trade was a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Stock Performance

NYSE:EME opened at $687.97 on Wednesday. The firm’s 50-day moving average is $628.90 and its 200-day moving average is $632.12. The company has a market cap of $30.80 billion, a price-to-earnings ratio of 27.66 and a beta of 1.17. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting analysts’ consensus estimates 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 return on equity of 37.04% and a net margin of 6.96%.The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 14th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, January 14th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is currently 6.43%.

EMCOR Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, December 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.