Osaic Holdings Inc. Has $14.12 Million Stock Holdings in EMCOR Group, Inc. $EME

by · The Cerbat Gem

Osaic Holdings Inc. boosted its holdings in EMCOR Group, Inc. (NYSE:EME – Free Report) by 76.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,393 shares of the construction company’s stock after buying an additional 11,455 shares during the quarter. Osaic Holdings Inc. owned approximately 0.06% of EMCOR Group worth $14,117,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. American Trust bought a new position in shares of EMCOR Group during the second quarter valued at $497,000. Orion Porfolio Solutions LLC increased its holdings in EMCOR Group by 4.6% in the second quarter. Orion Porfolio Solutions LLC now owns 9,149 shares of the construction company’s stock valued at $4,893,000 after purchasing an additional 406 shares during the period. Cim Investment Management Inc. increased its holdings in EMCOR Group by 100.7% in the second quarter. Cim Investment Management Inc. now owns 1,949 shares of the construction company’s stock valued at $962,000 after purchasing an additional 978 shares during the period. Thompson Davis & CO. Inc. raised its position in EMCOR Group by 21.5% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 990 shares of the construction company’s stock worth $530,000 after purchasing an additional 175 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in EMCOR Group during the 2nd quarter worth about $995,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Up 2.7%

NYSE:EME opened at $612.83 on Friday. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $778.64. The company has a fifty day moving average of $648.04 and a 200-day moving average of $606.72. The firm has a market capitalization of $27.44 billion, a P/E ratio of 24.64 and a beta of 1.17.

EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the company posted $5.80 earnings per share. The business’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. On average, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

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

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Investors of record on Wednesday, October 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s payout ratio is presently 4.02%.

Insider Buying and Selling

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,158,130.80. This represents a 17.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EME. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Robert W. Baird set a $713.00 price target on shares of EMCOR Group in a report on Friday, October 31st. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, DA Davidson increased their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

Read Our Latest Stock Analysis on EME

EMCOR Group Company Profile

(Free Report)

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.

See Also

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