SEB Asset Management AB Acquires Shares of 24,457 EMCOR Group, Inc. $EME

SEB Asset Management AB bought a new position in EMCOR Group, Inc. (NYSE:EME) in the first quarter, HoldingsChannel reports. The firm bought 24,457 shares of the construction company’s stock, valued at approximately $18,057,000.

Several other large investors have also recently modified their holdings of the stock. Great Lakes Advisors LLC increased its position in EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock valued at $218,000 after acquiring an additional 144 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of EMCOR Group by 93.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of EMCOR Group during the 2nd quarter worth about $459,000. Baird Financial Group Inc. grew its holdings in EMCOR Group by 5.0% during the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock valued at $3,113,000 after purchasing an additional 275 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in EMCOR Group by 406.1% in the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock worth $2,442,000 after purchasing an additional 3,663 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.1%

Shares of NYSE:EME opened at $744.94 on Tuesday. EMCOR Group, Inc. has a 52-week low of $540.00 and a 52-week high of $951.96. The business has a 50-day moving average price of $825.48 and a 200-day moving average price of $781.66. The stock has a market cap of $33.11 billion, a price-to-earnings ratio of 24.99 and a beta of 1.13.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.90 by $0.94. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.EMCOR Group’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 29.37 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.37%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EME. Oppenheimer started coverage on EMCOR Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price for the company. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a research note on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,123.00 price objective on shares of EMCOR Group in a research report on Tuesday, June 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research report on Friday. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and a consensus target price of $871.25.

Insider Activity

In other news, VP Robert Peter Lind sold 675 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $894.27, for a total value of $603,632.25. Following the completion of the sale, the vice president owned 4,216 shares of the company’s stock, valued at $3,770,242.32. This represents a 13.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven Schwarzwaelder sold 5,602 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $895.19, for a total value of $5,014,854.38. Following the transaction, the director owned 15,875 shares of the company’s stock, valued at approximately $14,211,141.25. This represents a 26.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,027 shares of company stock valued at $8,957,466 in the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

EMCOR Group Company 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.