Martingale Asset Management L P Has $14.39 Million Stock Position in EMCOR Group, Inc. $EME

by · The Cerbat Gem

Martingale Asset Management L P decreased its position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,525 shares of the construction company’s stock after selling 4,341 shares during the period. Martingale Asset Management L P’s holdings in EMCOR Group were worth $14,392,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hel Ved Capital Management Ltd bought a new position in EMCOR Group during the fourth quarter valued at about $2,952,000. Wells Fargo & Company MN raised its holdings in EMCOR Group by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 227,928 shares of the construction company’s stock valued at $139,444,000 after buying an additional 3,136 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in EMCOR Group by 88.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 8,764 shares of the construction company’s stock valued at $5,362,000 after buying an additional 4,107 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in EMCOR Group by 9.1% during the fourth quarter. Lord Abbett & CO. LLC now owns 423,776 shares of the construction company’s stock valued at $259,262,000 after buying an additional 35,171 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in EMCOR Group by 224.2% during the fourth quarter. Wealthspire Advisors LLC now owns 509 shares of the construction company’s stock valued at $311,000 after buying an additional 352 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EMCOR Group stock opened at $822.27 on Friday. The business’s 50-day simple moving average is $845.67 and its 200-day simple moving average is $747.35. The firm has a market capitalization of $36.54 billion, a PE ratio of 27.58 and a beta of 1.12. EMCOR Group, Inc. has a 52 week low of $470.02 and a 52 week high of $951.96.

EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $6.84 EPS for the quarter, topping analysts’ consensus estimates of $5.90 by $0.94. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The firm’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. Research analysts forecast that EMCOR Group, Inc. will post 29.22 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, April 16th. EMCOR Group’s payout ratio is currently 5.37%.

Insider Buying and Selling

In other news, VP Robert Peter Lind sold 675 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $894.27, for a total value of $603,632.25. Following the sale, the vice president directly owned 4,216 shares in the company, valued at approximately $3,770,242.32. This represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William P. Reid sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the sale, the director owned 10,149 shares in the company, valued at approximately $9,395,741.22. This represents a 16.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 9,077 shares of company stock valued at $8,155,191. 0.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EME shares. Zacks Research lowered EMCOR Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. DA Davidson raised their target price on EMCOR Group from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, February 27th. Oppenheimer started coverage on EMCOR Group in a report on Thursday, May 28th. They set an “outperform” rating and a $1,100.00 target price on the stock. Robert W. Baird raised their target price on EMCOR Group from $713.00 to $808.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $836.88.

Check Out Our Latest Stock Report on EME

EMCOR Group Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME – Free Report).