APG Asset Management N.V. Trims Stock Holdings in EMCOR Group, Inc. $EME

Key Points

• APG Asset Management N.V. has reduced its holdings in EMCOR Group, Inc. by 26.4%, now owning 2,950 shares worth approximately $1,009,000.
• Multiple hedge funds have changed their positions in EMCOR, with notable increases from BankPlus Trust Department (200%) and new stakes from Migdal Insurance & Financial Holdings and Hazlett Burt & Watson.
• EMCOR recently reported earnings of $6.72 per share for the last quarter, surpassing estimates, and declared a quarterly dividend of $0.25 per share, reflecting a 0.2% dividend yield.

APG Asset Management N.V. lessened its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 26.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,950 shares of the construction company's stock after selling 1,058 shares during the quarter. APG Asset Management N.V.'s holdings in EMCOR Group were worth $1,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EME. True Wealth Design LLC boosted its position in EMCOR Group by 24.3% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after buying an additional 26 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after buying an additional 29 shares during the last quarter. Alps Advisors Inc. increased its stake in EMCOR Group by 3.4% in the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after purchasing an additional 30 shares in the last quarter. Allworth Financial LP increased its stake in EMCOR Group by 17.9% in the first quarter. Allworth Financial LP now owns 217 shares of the construction company's stock valued at $87,000 after purchasing an additional 33 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its holdings in shares of EMCOR Group by 3.6% during the first quarter. Kathmere Capital Management LLC now owns 1,026 shares of the construction company's stock worth $379,000 after acquiring an additional 36 shares during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

EME stock traded down $13.36 during trading on Friday, reaching $619.89. 353,374 shares of the company were exchanged, compared to its average volume of 310,887. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $667.64. The company has a 50-day moving average of $583.56 and a two-hundred day moving average of $476.78. The company has a market capitalization of $27.75 billion, a price-to-earnings ratio of 25.72 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results 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. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same period in the prior year, the company posted $5.25 EPS. The company's revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were paid a $0.25 dividend. 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 (DPR) is 4.15%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. William Blair assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating for the company. TD Securities assumed coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating for the company. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a research report on Thursday, August 7th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.