EMCOR Group, Inc. $EME Shares Sold by Citigroup Inc.

Key Points

• Citigroup Inc. reduced its stake in EMCOR Group by 11.5%, selling 3,833 shares in the first quarter, now holding 29,558 shares valued at approximately $10.9 million.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding analyst estimates by $1.04, alongside a revenue of $4.30 billion which marked a 17.4% increase year-over-year.
• The company announced a quarterly dividend of $0.25 per share, reflecting a 0.2% yield and a payout ratio of 4.15%.

Citigroup Inc. lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,558 shares of the construction company's stock after selling 3,833 shares during the quarter. Citigroup Inc. owned about 0.07% of EMCOR Group worth $10,926,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of EMCOR Group by 7.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 36,438 shares of the construction company's stock worth $13,469,000 after purchasing an additional 2,658 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of EMCOR Group by 280.7% during the first quarter. Headlands Technologies LLC now owns 807 shares of the construction company's stock worth $298,000 after purchasing an additional 595 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of EMCOR Group by 30.9% during the first quarter. Ontario Teachers Pension Plan Board now owns 10,444 shares of the construction company's stock worth $3,860,000 after buying an additional 2,466 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in EMCOR Group in the first quarter valued at approximately $179,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in EMCOR Group by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 351,489 shares of the construction company's stock worth $129,921,000 after acquiring an additional 5,958 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

EME has been the subject of a number of recent research reports. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Stifel Nicolaus lifted their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. TD Securities started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. The Goldman Sachs Group increased their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

EMCOR Group stock traded down $2.9150 during midday trading on Wednesday, reaching $604.1850. The company's stock had a trading volume of 133,202 shares, compared to its average volume of 481,315. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock's 50 day simple moving average is $561.90 and its 200 day simple moving average is $467.71. The firm has a market capitalization of $27.04 billion, a PE ratio of 25.07 and a beta of 1.27.

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

EMCOR Group Announces Dividend

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

EMCOR Group Profile

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.