Intech Investment Management LLC Sells 7,599 Shares of EMCOR Group, Inc. $EME

Key Points

• Intech Investment Management LLC reduced its stake in EMCOR Group, Inc. by 6.6%, selling 7,599 shares to hold 107,694 shares valued at approximately $39.8 million.
• EMCOR Group reported a 17.4% increase in revenue year-over-year for the last quarter, achieving $4.30 billion against an analyst estimate of $4.10 billion, with earnings per share of $6.72.
• The company recently declared a quarterly dividend of $0.25 per share, with an annualized yield of 0.2% and a payout ratio of 4.15%.

Intech Investment Management LLC lessened its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,694 shares of the construction company's stock after selling 7,599 shares during the period. Intech Investment Management LLC owned 0.24% of EMCOR Group worth $39,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Focus Partners Wealth raised its holdings in EMCOR Group by 36.5% in the 1st quarter. Focus Partners Wealth now owns 9,318 shares of the construction company's stock worth $3,444,000 after acquiring an additional 2,491 shares during the period. Bayforest Capital Ltd increased its holdings in shares of EMCOR Group by 92.3% during the 1st quarter. Bayforest Capital Ltd now owns 2,265 shares of the construction company's stock worth $837,000 after purchasing an additional 1,087 shares during the period. Empowered Funds LLC increased its holdings in shares of EMCOR Group by 134.3% during the 1st quarter. Empowered Funds LLC now owns 53,142 shares of the construction company's stock worth $19,643,000 after purchasing an additional 30,460 shares during the period. United Services Automobile Association bought a new position in shares of EMCOR Group during the 1st quarter worth about $1,083,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in shares of EMCOR Group during the 1st quarter worth about $571,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Down 1.0%

EMCOR Group stock traded down $6.29 during mid-day trading on Monday, reaching $622.79. The company's stock had a trading volume of 220,841 shares, compared to its average volume of 474,338. The company has a market capitalization of $27.88 billion, a price-to-earnings ratio of 25.84 and a beta of 1.28. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The business's 50 day simple moving average is $604.37 and its 200 day simple moving average is $491.97. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. The firm 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%. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current 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. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group's payout ratio is 4.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EME. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. TD Securities began coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a "buy" rating on the stock. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the stock a "buy" rating in a report on Tuesday, August 5th. DA Davidson boosted their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

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.