EMCOR Group, Inc. $EME Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly reduced its stake in EMCOR Group by 89.3%, selling 265,834 shares and leaving it with 31,949 shares valued at approximately $11.8 million.
• EMCOR Group reported a quarterly EPS of $6.72, surpassing analysts' expectations of $5.68, and a revenue of $4.30 billion for the quarter, which was 17.4% higher compared to the previous year.
• The stock received mixed ratings from analysts, with a current average rating of "Moderate Buy" and a projected price target of $594.50, despite some upgrades to "strong-buy" statuses.

Acadian Asset Management LLC trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 89.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,949 shares of the construction company's stock after selling 265,834 shares during the period. Acadian Asset Management LLC owned about 0.07% of EMCOR Group worth $11,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EP Wealth Advisors LLC acquired a new position in shares of EMCOR Group during the fourth quarter worth $202,000. Focus Partners Wealth lifted its position in shares of EMCOR Group by 351.8% during the fourth quarter. Focus Partners Wealth now owns 6,827 shares of the construction company's stock worth $3,160,000 after purchasing an additional 5,316 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of EMCOR Group by 13.6% during the fourth quarter. Janus Henderson Group PLC now owns 3,819 shares of the construction company's stock worth $1,734,000 after purchasing an additional 456 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of EMCOR Group by 280.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 10,230 shares of the construction company's stock worth $4,643,000 after purchasing an additional 7,543 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of EMCOR Group during the fourth quarter worth $2,771,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EME has been the topic of a number of recent research reports. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. 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. Northcoast Research lowered shares of 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. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Finally, William Blair initiated coverage on shares of EMCOR Group in a research note on Thursday. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $640.36 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The firm has a 50-day simple moving average of $602.71 and a 200 day simple moving average of $489.27. The company has a market cap of $28.67 billion, a PE ratio of 26.57 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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the firm earned $5.25 EPS. The company'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, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

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

EMCOR Group Company 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.

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