Everstar Asset Management LLC Invests $1.43 Million in EMCOR Group, Inc. $EME

Key Points

• Everstar Asset Management LLC has acquired a new stake in EMCOR Group, Inc., purchasing 3,855 shares valued at approximately $1.425 million during the first quarter.
• EMCOR Group reported earnings of $6.72 per share for the last quarter, exceeding estimates of $5.68, with a 17.4% year-over-year revenue increase to $4.30 billion.
• The company recently announced a quarterly dividend of $0.25 per share, reflecting an annualized dividend yield of 0.2%.

Everstar Asset Management LLC bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,855 shares of the construction company's stock, valued at approximately $1,425,000.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in shares of EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after purchasing an additional 521,147 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of EMCOR Group by 49,775.5% during the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new position in shares of EMCOR Group during the first quarter worth $114,220,000. Jones Financial Companies Lllp lifted its position in EMCOR Group by 56,287.8% in the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company's stock valued at $105,881,000 after acquiring an additional 285,942 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in EMCOR Group by 43.6% in the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock valued at $253,065,000 after acquiring an additional 213,631 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $5.96 on Thursday, reaching $640.36. 666,563 shares of the stock were exchanged, compared to its average volume of 476,048. The firm's 50 day moving average is $602.71 and its 200-day moving average is $489.27. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market cap of $28.66 billion, a PE ratio of 26.57 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $4.10 billion. During the same period in the prior year, the company earned $5.25 EPS. The firm's quarterly revenue 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. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

EME has been the topic of several research reports. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. TD Securities initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. Stifel Nicolaus boosted their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group lifted their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research note on Tuesday, July 8th. One investment 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. According to data from MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and an average target price 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.