EMCOR Group, Inc. $EME Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC decreased its holdings in EMCOR Group by 58.6%, selling 11,596 shares during the second quarter.
• EMCOR Group reported $6.72 EPS for the last quarter, surpassing analyst estimates of $5.68, with revenues rising 17.4% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, with shareholders on record paid on October 30th, representing an annual yield of 0.1%.

Janney Montgomery Scott LLC lowered its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 58.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,200 shares of the construction company's stock after selling 11,596 shares during the quarter. Janney Montgomery Scott LLC's holdings in EMCOR Group were worth $4,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Private Trust Co. NA raised its holdings in shares of EMCOR Group by 28.6% in the 1st quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after buying an additional 62 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of EMCOR Group by 146.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after purchasing an additional 6,361 shares during the period. Fifth Third Bancorp boosted its position in shares of EMCOR Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after purchasing an additional 126 shares during the period. GAMMA Investing LLC boosted its position in shares of EMCOR Group by 34.9% in the 1st quarter. GAMMA Investing LLC now owns 1,012 shares of the construction company's stock valued at $374,000 after purchasing an additional 262 shares during the period. Finally, CX Institutional acquired a new stake in shares of EMCOR Group in the 1st quarter valued at about $95,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

EMCOR Group stock opened at $673.59 on Wednesday. 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 12 month low of $320.89 and a 12 month high of $685.82. The company has a market cap of $30.15 billion, a price-to-earnings ratio of 27.95 and a beta of 1.24. The stock's 50-day moving average is $628.82 and its 200-day moving average is $521.45.

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

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is 4.15%.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of research analyst reports. William Blair assumed coverage on EMCOR Group in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Robert W. Baird initiated coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective for the company. Stifel Nicolaus raised their price objective on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Zacks Research upgraded EMCOR Group from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average price target of $634.67.

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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