HighTower Advisors LLC Sells 4,971 Shares of EMCOR Group, Inc. $EME

Key Points

• HighTower Advisors LLC sold 4,971 shares of EMCOR Group, reducing its investment by 12.6%, resulting in ownership of 34,524 shares valued at approximately $12.76 million.
• A number of institutional investors, including BankPlus Trust Department and Migdal Insurance & Financial Holdings Ltd., have increased their stakes in EMCOR Group during the same period.
• Wall Street analysts have a favorable outlook on EMCOR, with numerous firms, such as Baird and UBS, issuing buy ratings and setting price targets ranging from $435.00 to $750.00.

HighTower Advisors LLC lowered its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,524 shares of the construction company's stock after selling 4,971 shares during the period. HighTower Advisors LLC owned about 0.08% of EMCOR Group worth $12,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Select Equity Group L.P. grew its position in EMCOR Group by 1.6% in 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. Northern Trust Corp lifted its stake in EMCOR Group by 22.9% in the fourth quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock valued at $250,046,000 after acquiring an additional 102,738 shares during the last quarter. Pacer Advisors Inc. lifted its stake in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock valued at $197,599,000 after acquiring an additional 521,147 shares during the last quarter. First Trust Advisors LP lifted its stake in EMCOR Group by 35.2% in the fourth quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock valued at $225,332,000 after acquiring an additional 129,186 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in EMCOR Group by 13.6% in the fourth quarter. AQR Capital Management LLC now owns 489,825 shares of the construction company's stock valued at $222,332,000 after acquiring an additional 58,483 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of NYSE EME traded up $11.3170 during mid-day trading on Friday, reaching $622.1670. 79,159 shares of the company were exchanged, compared to its average volume of 478,213. EMCOR Group, Inc. has a twelve month low of $320.89 and a twelve month high of $667.64. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The company's 50-day simple moving average is $567.28 and its 200-day simple moving average is $469.78. The stock has a market capitalization of $27.85 billion, a P/E ratio of 25.83 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data 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. 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 quarter in the previous year, the company earned $5.25 EPS. The business's revenue was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, research analysts predict 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

EME has been the subject of a number of recent analyst reports. Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target for the company. in a research note on Thursday, August 7th. Stifel Nicolaus increased their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Finally, UBS Group set a $750.00 target price on shares of EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday, August 5th. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and a consensus 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.