Atria Wealth Solutions Inc. Lowers Stake in EMCOR Group, Inc. $EME

Key Points

• Atria Wealth Solutions Inc. sold 1,124 shares of EMCOR Group, reducing its stake by 62.1%, leaving them with 687 shares valued at approximately $254,000.
• EMCOR Group reported quarterly earnings of $6.72 per share, exceeding analyst expectations of $5.68, with a revenue of $4.30 billion for the period.
• Several institutional investors increased their stakes in EMCOR Group, with Raiffeisen Bank International AG leading the way with a 265.9% increase in holdings during the first quarter.

Atria Wealth Solutions Inc. lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 62.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 687 shares of the construction company's stock after selling 1,124 shares during the period. Atria Wealth Solutions Inc.'s holdings in EMCOR Group were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EME. Pacer Advisors Inc. raised its position in shares of EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after purchasing an additional 521,147 shares during the last quarter. GAMMA Investing LLC raised its position in shares of EMCOR Group by 49,775.5% during the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of EMCOR Group by 94.2% during the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after purchasing an additional 148,915 shares during the last quarter. First Trust Advisors LP raised its position in shares of EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after purchasing an additional 129,186 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of EMCOR Group by 203.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 185,512 shares of the construction company's stock worth $68,571,000 after purchasing an additional 124,295 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Down 0.5%

Shares of NYSE EME traded down $3.18 during midday trading on Wednesday, reaching $603.92. 126,879 shares of the stock were exchanged, compared to its average volume of 481,277. The company has a 50 day simple moving average of $561.90 and a 200 day simple moving average of $467.71. The stock has a market capitalization of $27.03 billion, a P/E ratio of 25.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is presently 4.15%.

Wall Street Analyst Weigh In

A number of research firms have commented on EME. DA Davidson increased their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Robert W. Baird assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. The Goldman Sachs Group increased their price target on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

About EMCOR Group

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.