EMCOR Group, Inc. $EME Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly reduced its stake in EMCOR Group, Inc. by 89.3%, now owning just 321 shares worth approximately $119,000 after selling 2,670 shares.
• EMCOR Group reported strong quarterly earnings with an EPS of $6.72, exceeding estimates, alongside a revenue of $4.30 billion, reflecting a 17.4% year-over-year increase.
• The company recently declared a quarterly dividend of $0.25, equating to a 0.2% dividend yield, with a low payout ratio of 4.15%.

AlphaQuest LLC cut its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 89.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 321 shares of the construction company's stock after selling 2,670 shares during the quarter. AlphaQuest LLC's holdings in EMCOR Group were worth $119,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC boosted its stake in shares of EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of 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 buying an additional 30 shares in the last quarter. Allworth Financial LP boosted its stake in shares of 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 buying an additional 33 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of EMCOR Group by 3.6% in the first quarter. Kathmere Capital Management LLC now owns 1,026 shares of the construction company's stock valued at $379,000 after buying an additional 36 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in shares of EMCOR Group by 2.4% in the first quarter. Wedbush Securities Inc. now owns 1,600 shares of the construction company's stock valued at $591,000 after buying an additional 38 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EME shares. William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating on the stock. Jefferies Financial Group started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. Robert W. Baird started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target on the stock. Northcoast Research downgraded EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective for the company. in a research note on Thursday, August 7th. Finally, Baird R W raised EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Price Performance

EMCOR Group stock traded down $15.52 during mid-day trading on Friday, hitting $625.05. 420,532 shares of the company were exchanged, compared to its average volume of 286,514. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business's 50 day simple moving average is $595.37 and its two-hundred day simple moving average is $483.62. The company has a market capitalization of $27.98 billion, a P/E ratio of 25.94 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.

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

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $0.25 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. EMCOR Group's dividend payout ratio (DPR) is presently 4.15%.

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.