Banque Cantonale Vaudoise Sells 6,542 Shares of EMCOR Group, Inc. $EME

Key Points

• Banque Cantonale Vaudoise cut its EMCOR Group stake by 69.1% in the first quarter, selling 6,542 shares and leaving it with 2,923 shares valued at about $2.16 million.
• Several other institutional investors also adjusted positions, while 92.59% of EMCOR’s stock is owned by institutions and hedge funds, indicating heavy professional ownership.
• EMCOR reported strong quarterly results, with EPS of $6.84 beating estimates and revenue rising 19.7% year over year; analysts currently maintain a Moderate Buy consensus with an average target price of $871.25.

Banque Cantonale Vaudoise lowered its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 69.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,923 shares of the construction company's stock after selling 6,542 shares during the period. Banque Cantonale Vaudoise's holdings in EMCOR Group were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Great Lakes Advisors LLC raised its stake in EMCOR Group by 32.3% during the 1st quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company's stock worth $218,000 after buying an additional 144 shares during the period. Geneos Wealth Management Inc. grew its stake in EMCOR Group by 93.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company's stock valued at $81,000 after acquiring an additional 106 shares during the period. Sivia Capital Partners LLC acquired a new stake in EMCOR Group in the second quarter valued at approximately $459,000. Baird Financial Group Inc. increased its holdings in shares of EMCOR Group by 5.0% during the second quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company's stock valued at $3,113,000 after acquiring an additional 275 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of EMCOR Group by 406.1% during the second quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company's stock valued at $2,442,000 after acquiring an additional 3,663 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares of the company's stock, valued at $14,591,271. The trade was a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William P. Reid sold 2,000 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $925.78, for a total transaction of $1,851,560.00. Following the sale, the director owned 10,149 shares in the company, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 10,027 shares of company stock worth $8,957,466. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Stock Down 7.2%

Shares of EME opened at $800.67 on Friday. The business's 50-day moving average price is $856.74 and its 200-day moving average price is $763.19. EMCOR Group, Inc. has a twelve month low of $516.91 and a twelve month high of $951.96. The stock has a market cap of $35.58 billion, a PE ratio of 26.86 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping analysts' consensus estimates of $5.90 by $0.94. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm posted $5.41 EPS. EMCOR Group's revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Analysts expect that EMCOR Group, Inc. will post 29.37 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were given 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 presently 5.37%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EME. Oppenheimer started coverage on EMCOR Group in a report on Thursday, May 28th. They issued an "outperform" rating and a $1,100.00 target price on the stock. Zacks Research lowered shares of EMCOR Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1,123.00 price objective on shares of EMCOR Group in a research note on Tuesday, June 16th. Wall Street Zen upgraded shares of EMCOR Group from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Finally, Robert W. Baird boosted their target price on shares of EMCOR Group from $713.00 to $808.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $871.25.

EMCOR Group Profile

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.

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