Congress Asset Management Co. Cuts Stock Position in EMCOR Group, Inc. $EME

Key Points

• Congress Asset Management Co. has decreased its stake in EMCOR Group by 16.7%, now holding 238,100 shares worth approximately $127 million.
• Several analysts have recently upgraded EMCOR Group's stock ratings, with Baird R W giving it a "strong-buy" rating and pricing targets increasing, including a jump from $384 to $435 by Goldman Sachs.
• EMCOR Group reported $6.72 earnings per share in its latest quarter, exceeding estimates, and anticipates 20.74 EPS for the current fiscal year.

Congress Asset Management Co. trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 16.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,100 shares of the construction company's stock after selling 47,589 shares during the period. Congress Asset Management Co. owned approximately 0.53% of EMCOR Group worth $127,357,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after acquiring an additional 521,147 shares during the period. GAMMA Investing LLC grew its holdings in EMCOR Group by 49,775.5% during the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after acquiring an additional 373,316 shares during the period. New Vernon Capital Holdings II LLC purchased a new position in EMCOR Group in the first quarter worth $114,220,000. Jones Financial Companies Lllp lifted its holdings in EMCOR Group by 56,287.8% in the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock valued at $105,881,000 after acquiring an additional 285,942 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock worth $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EME shares. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. The Goldman Sachs Group boosted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. TD Securities initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Finally, Stifel Nicolaus lifted their price objective on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Two analysts have 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Trading Down 0.1%

Shares of EMCOR Group stock opened at $625.91 on Friday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business has a 50 day moving average price of $618.70 and a 200 day moving average price of $505.76. The company has a market capitalization of $28.02 billion, a P/E ratio of 25.97 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the business posted $5.25 earnings per share. EMCOR Group's revenue 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. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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