Hsbc Holdings PLC Purchases 7,195 Shares of EMCOR Group, Inc. $EME

Key Points

• Hsbc Holdings PLC increased its ownership in EMCOR Group, Inc. by 19.7% during the first quarter, acquiring an additional 7,195 shares and bringing its total to 43,710 shares worth approximately $16.1 million.
• EMCOR Group reported $6.72 earnings per share for its latest quarter, outperforming analysts’ estimates and reflecting a 17.4% increase in year-over-year revenue to $4.3 billion.
• The company announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 0.2%.

Hsbc Holdings PLC grew its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 19.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,710 shares of the construction company's stock after purchasing an additional 7,195 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of EMCOR Group worth $16,113,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake in shares of EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after purchasing an additional 62 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after purchasing an additional 3,407 shares in the last quarter. Redwood Investment Management LLC bought a new position in shares of EMCOR Group during the fourth quarter worth about $1,417,000. Cambridge Investment Research Advisors Inc. raised its position in shares of EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock worth $3,955,000 after acquiring an additional 6,361 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of EMCOR Group by 17.5% during the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock worth $312,000 after acquiring an additional 126 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EME has been the subject of a number of analyst reports. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group raised their price objective on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. TD Securities initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. UBS Group set a $750.00 price objective on EMCOR Group and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, DA Davidson raised their price objective on EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Trading Up 1.5%

EME traded up $9.24 during trading on Tuesday, hitting $618.40. The company's stock had a trading volume of 422,903 shares, compared to its average volume of 340,469. 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 stock's fifty day moving average price is $575.13 and its 200-day moving average price is $473.09. The firm has a market capitalization of $27.68 billion, a P/E ratio of 25.66 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly 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. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The company's revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

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%.

About EMCOR Group

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.