Robeco Institutional Asset Management B.V. Has $50.07 Million Stake in EMCOR Group, Inc. $EME

Robeco Institutional Asset Management B.V. decreased its position in EMCOR Group, Inc. (NYSE:EME) by 30.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 77,079 shares of the construction company’s stock after selling 33,283 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.17% of EMCOR Group worth $50,066,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC grew its position in EMCOR Group by 6.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 8,060 shares of the construction company’s stock worth $5,235,000 after acquiring an additional 522 shares during the last quarter. Railway Pension Investments Ltd raised its holdings in shares of EMCOR Group by 7.3% in the third quarter. Railway Pension Investments Ltd now owns 23,561 shares of the construction company’s stock valued at $15,304,000 after buying an additional 1,600 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in EMCOR Group by 12.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,926 shares of the construction company’s stock worth $7,747,000 after buying an additional 1,358 shares in the last quarter. Stanley Laman Group Ltd. bought a new stake in EMCOR Group during the 3rd quarter worth about $399,000. Finally, Asset Management One Co. Ltd. increased its position in EMCOR Group by 1.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 21,229 shares of the construction company’s stock valued at $13,789,000 after acquiring an additional 406 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EME shares. The Goldman Sachs Group upgraded shares of EMCOR Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. William Blair started coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Wall Street Zen lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, DA Davidson raised their price target on EMCOR Group from $725.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 31st. One 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 stock has an average rating of “Moderate Buy” and an average price target of $692.83.

Insider Buying and Selling at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $677.22, for a total value of $897,316.50. Following the sale, the director directly owned 6,140 shares in the company, valued at $4,158,130.80. This trade represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $651.43 on Thursday. The firm has a fifty day moving average of $626.73 and a two-hundred day moving average of $622.16. The stock has a market capitalization of $29.16 billion, a price-to-earnings ratio of 26.19 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 announced its quarterly earnings data on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates of $6.57. The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.27 billion. EMCOR Group had a return on equity of 37.04% and a net margin of 6.96%.The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 14th will be paid a $0.40 dividend. This is a boost from EMCOR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is currently 4.02%.

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

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.