<div id="readability-page-1"><p>Congress Asset Management Co. lessened its stake in shares of  EMCOR Group, Inc. (NYSE:EME - Free Report) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm owned 201,693 shares of the construction company's stock after selling 36,407 shares during the period. Congress Asset Management Co. owned 0.45% of EMCOR Group worth $131,008,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><ul><li>3 Stocks With Hot RSIs That Scream Further Gains</li></ul><p>Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in  EMCOR Group during the second quarter worth about $344,548,000.  New Vernon Capital Holdings II LLC purchased a new stake in shares of  EMCOR Group during the 1st quarter valued at approximately $114,220,000.  Jones Financial Companies Lllp lifted its holdings in  EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock valued at $105,881,000 after acquiring an additional 285,942 shares during the last quarter.  AQR Capital Management LLC grew its position in  EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock worth $253,065,000 after acquiring an additional 213,631 shares during the period.  Finally, Nordea Investment Management AB increased its stake in  EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company's stock worth $210,278,000 after acquiring an additional 153,948 shares during the last quarter. Hedge funds and other institutional investors own  92.59% of the company's stock. </p><h2>EMCOR Group Stock Performance</h2><p>Shares of EME opened at $612.03 on Friday. The company's 50-day simple moving average is $647.01 and its 200-day simple moving average is $608.57. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64. The stock has a market capitalization of $27.40 billion, a PE ratio of 24.61 and a beta of 1.17. </p><ul><li>Emcor Stock in Buy Zone As it Rebounds Off 50-Day Average</li></ul><p>EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share for the quarter, hitting the consensus estimate of $6.57. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a net margin of 6.96% and a return on equity of 37.04%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS.  On average, sell-side analysts predict that  EMCOR Group, Inc. will post 20.74 earnings per share for the current year. </p><h2>EMCOR Group Announces Dividend</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio  is currently 4.02%. </p><ul><li>Are Small Caps a Harbinger of Market Declines?</li></ul><p>EMCOR Group announced that its board has initiated a share repurchase plan on Thursday, December 18th that authorizes the company to repurchase $500.00 million in  outstanding  shares. This repurchase authorization authorizes the construction company to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued. </p><h2>Analysts Set New Price Targets</h2><p>Several equities analysts have recently commented on the company. Robert W. Baird  set a $713.00 price target on EMCOR Group in a research note on Friday, October 31st. Wall Street Zen cut shares of EMCOR Group from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, November 8th. William Blair initiated coverage on shares of EMCOR Group in a research report on Thursday, September 11th. They set an &#34;outperform&#34; rating for the company. The Goldman Sachs Group raised shares of EMCOR Group from a &#34;sell&#34; rating to a &#34;neutral&#34; rating and boosted their price target for the company from $495.00 to $676.00 in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus increased their price objective on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a &#34;buy&#34; rating in a research report on Monday, October 13th. One equities research analyst  has rated the stock with a Strong Buy rating, eight have issued  a Buy rating and four have assigned  a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $692.83.</p><p><b>Read Our Latest Stock Analysis on EME</b></p><h2>Insider Activity</h2><p>In other news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction on Monday, November 3rd. The stock was 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 approximately $4,158,130.80. This trade represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Insiders own  0.83% of the company's stock. </p><h2>About EMCOR Group</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than EMCOR Group</li><li>2 Fintech Stocks to Buy Now and 1 to Avoid</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>What Does Downgrade Mean in Investing?</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>What Does a Stock Split Mean? </li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><strong>Want to see what other hedge funds are holding EME?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVNRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVNRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in EMCOR Group Right Now?</h2><p>Before you consider EMCOR Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EMCOR Group wasn't on the list.</p><p>While EMCOR Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Congress Asset Management Co. reduced its stake in EMCOR Group, Inc. by 15.3% in Q3, owning 201,693 shares worth $131 million. EMCOR's stock opened at $612.03, with a market cap of $27.40 billion. The company reported Q3 earnings of $6.57 per share, matching estimates, and announced a $500 million share repurchase plan. Analysts have set new price targets, with some upgrading EMCOR's rating.</p>

Congress Asset Management Co. Reduces Stake in EMCOR Group, Inc. $EME