FMR LLC Discloses 6.774% Passive Stake in EMCOR Group
Ticker: EME · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 105634
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 6.774% stake in EMCOR, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in EMCOR Group, Inc. As of December 31, 2023, FMR LLC beneficially owns 3,186,867 shares of EMCOR's common stock, representing 6.774% of the company. This matters to investors because it signals that a large, sophisticated institutional investor sees value in EMCOR, potentially indicating confidence in the company's future performance.
Why It Matters
A substantial passive investment by a major firm like FMR LLC can boost investor confidence and potentially attract more institutional interest in EMCOR Group, Inc.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk for other investors.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a major institutional investor sees long-term value in EMCOR Group, Inc., and might consider further research into the company's fundamentals.
Key Numbers
- 3,186,867 — Shares Beneficially Owned (Represents the total common stock shares of EMCOR Group, Inc. held by FMR LLC and Abigail P. Johnson.)
- 6.774% — Percentage of Class (Indicates the significant ownership stake FMR LLC and Abigail P. Johnson have in EMCOR Group, Inc.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- EMCOR Group, Inc. (company) — issuer of the common stock
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- 3,186,867 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 6.774% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- EMCOR Group, Inc. may see increased investor confidence due to FMR LLC's significant stake. (EMCOR Group, Inc.) — medium confidence, target: next 6-12 months
FAQ
Who is the primary reporting person in this SC 13G filing?
The primary reporting person in this SC 13G filing is FMR LLC, a parent holding company, as stated in Item 1 and Item 3 of the filing.
What is the total number of shares of EMCOR Group, Inc. common stock beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 3,186,867 shares of EMCOR Group, Inc. common stock, as reported in Item 7 and Item 9 for both reporting persons.
What percentage of EMCOR Group, Inc.'s common stock does FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson collectively own 6.774% of EMCOR Group, Inc.'s common stock, as indicated in Item 11 for both reporting persons.
What is the CUSIP number for EMCOR Group, Inc. common stock mentioned in the filing?
The CUSIP number for EMCOR Group, Inc. common stock is 29084Q100, as stated in the filing under 'Cusip #29084Q100' and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding EMCOR Group, Inc. (EME).