EMCOR Group, Inc. $EME Shares Sold by Hahn Capital Management LLC

Key Points

• Hahn Capital Management LLC reduced its stake in EMCOR Group by 9.8%, owning 24,851 shares after selling 2,701 shares, which represents approximately 4.4% of its holdings.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding estimates, with revenues of $4.30 billion, marking a 17.4% increase year-over-year.
• Current analysts rate EMCOR Group with an average of "Moderate Buy", with an average target price of $594.50 based on multiple recommendations from various investment firms.

Hahn Capital Management LLC lowered its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 9.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,851 shares of the construction company's stock after selling 2,701 shares during the quarter. EMCOR Group accounts for about 4.4% of Hahn Capital Management LLC's investment portfolio, making the stock its 7th largest position. Hahn Capital Management LLC owned approximately 0.06% of EMCOR Group worth $9,186,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Select Equity Group L.P. lifted its holdings in EMCOR Group by 1.6% during the fourth quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after purchasing an additional 16,563 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of EMCOR Group by 43.6% in the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company's stock worth $253,065,000 after buying an additional 213,631 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of EMCOR Group by 3.7% in the first quarter. Northern Trust Corp now owns 571,487 shares of the construction company's stock worth $211,239,000 after buying an additional 20,604 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after buying an additional 521,147 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of EMCOR Group by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 515,522 shares of the construction company's stock worth $190,552,000 after buying an additional 33,069 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on EME shares. William Blair started coverage on shares of EMCOR Group in a report on Thursday, September 11th. They issued an "outperform" rating on the stock. TD Securities started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating on the stock. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. DA Davidson boosted their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group boosted their price target on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Up 0.0%

Shares of NYSE:EME traded up $0.04 on Wednesday, reaching $619.03. The company had a trading volume of 119,967 shares, compared to its average volume of 473,912. The firm's 50 day simple moving average is $607.46 and its 200-day simple moving average is $494.38. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $27.71 billion, a PE ratio of 25.64 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last announced its 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 return on equity of 38.01% and a net margin of 7.07%.The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the prior year, the company posted $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 expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is currently 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.