Decade Renewable Partners LP Trims Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• Decade Renewable Partners LP has reduced its stake in EMCOR Group by 75%, now holding 6,724 shares, which accounts for 1.9% of its total portfolio.
• EMCOR Group reported a quarterly earnings per share (EPS) of $6.72, exceeding analysts' expectations of $5.68, alongside a revenue of $4.30 billion.
• The company declared a quarterly dividend of $0.25, resulting in an annualized yield of 0.2%, with a payout ratio of 4.15%.

Decade Renewable Partners LP reduced its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 75.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,724 shares of the construction company's stock after selling 20,120 shares during the quarter. EMCOR Group comprises approximately 1.9% of Decade Renewable Partners LP's investment portfolio, making the stock its 20th biggest holding. Decade Renewable Partners LP's holdings in EMCOR Group were worth $2,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BankPlus Trust Department grew its stake in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in EMCOR Group in the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. purchased a new stake in EMCOR Group during the 1st quarter worth approximately $30,000. Groupe la Francaise increased its stake in EMCOR Group by 79.2% during the 1st quarter. Groupe la Francaise now owns 86 shares of the construction company's stock valued at $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new position in shares of EMCOR Group in the first quarter worth $37,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

EME stock traded up $6.05 during midday trading on Wednesday, reaching $626.46. The stock had a trading volume of 303,234 shares, compared to its average volume of 286,108. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The company's fifty day simple moving average is $590.91 and its 200 day simple moving average is $480.48. The company has a market cap of $28.04 billion, a price-to-earnings ratio of 25.99 and a beta of 1.28.

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

EMCOR Group Announces Dividend

The business 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 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EME shares. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. DA Davidson increased their target price on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Northcoast Research lowered EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target for the company. in a research note on Thursday, August 7th. UBS Group set a $750.00 price target on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, William Blair assumed coverage on EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, EMCOR Group currently has an average 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.