EMCOR Group, Inc. $EME Stock Position Raised by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 38.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,305 shares of the construction company’s stock after purchasing an additional 1,462 shares during the period. J. Safra Sarasin Holding AG’s holdings in EMCOR Group were worth $3,446,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Quent Capital LLC acquired a new position in EMCOR Group during the third quarter valued at $29,000. Orion Capital Management LLC acquired a new position in shares of EMCOR Group in the 3rd quarter valued at about $31,000. Tobam lifted its position in shares of EMCOR Group by 1,900.0% in the second quarter. Tobam now owns 80 shares of the construction company’s stock worth $43,000 after purchasing an additional 76 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EMCOR Group during the second quarter worth approximately $43,000. Finally, True Wealth Design LLC lifted its position in EMCOR Group by 333.3% in the 3rd quarter. True Wealth Design LLC now owns 91 shares of the construction company’s stock worth $59,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 1.3%

EME opened at $716.02 on Wednesday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $778.64. The firm has a market capitalization of $32.06 billion, a P/E ratio of 28.79 and a beta of 1.17. The stock’s 50 day moving average price is $637.32 and its two-hundred day moving average price is $637.67.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $6.57. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company posted $5.80 earnings per share. EMCOR Group’s quarterly revenue was up 16.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Increases Dividend

The business 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 boost from EMCOR Group’s previous quarterly dividend of $0.25. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio is 6.43%.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, January 21st. Robert W. Baird set a $713.00 target price on EMCOR Group in a research report on Friday, October 31st. Zacks Research downgraded EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. DA Davidson lifted their target price on shares of EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus increased their price target on shares of EMCOR Group from $713.00 to $754.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $698.83.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Profile

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.