Baird Financial Group Inc. Lowers Stake in EMCOR Group, Inc. $EME

Key Points

• Baird Financial Group Inc. reduced its stake in EMCOR Group by 46.7%, selling 4,850 shares to hold 5,545 shares valued at approximately $2,050,000.
• Several investors increased their holdings significantly in the first quarter, including Pacer Advisors Inc. with a 3,878.2% increase, and GAMMA Investing LLC with a 49,775.5% increase.
• EMCOR Group reported earnings of $6.72 per share for the quarter, exceeding estimates, and has set a fiscal year 2025 EPS guidance between 24.500 to 25.750.

Baird Financial Group Inc. reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 46.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,545 shares of the construction company's stock after selling 4,850 shares during the period. Baird Financial Group Inc.'s holdings in EMCOR Group were worth $2,050,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EME. Pacer Advisors Inc. raised its holdings in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after buying an additional 521,147 shares during the last quarter. GAMMA Investing LLC raised its holdings in EMCOR Group by 49,775.5% in the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after buying an additional 373,316 shares during the last quarter. Nuveen LLC purchased a new position in EMCOR Group in the first quarter worth about $71,821,000. Assenagon Asset Management S.A. raised its holdings in EMCOR Group by 203.0% in the first quarter. Assenagon Asset Management S.A. now owns 185,512 shares of the construction company's stock worth $68,571,000 after buying an additional 124,295 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in EMCOR Group by 130.2% in the first quarter. Victory Capital Management Inc. now owns 209,005 shares of the construction company's stock worth $77,255,000 after buying an additional 118,206 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. TD Securities started coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. UBS Group set a $750.00 price target on shares of EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. William Blair started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. Finally, Jefferies Financial Group started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $625.05 on Monday. The firm has a market capitalization of $27.98 billion, a price-to-earnings ratio of 25.94 and a beta of 1.28. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The firm has a 50 day moving average of $595.37 and a 200 day moving average of $484.04. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 analyst estimates of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company's revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.15%.

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.

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