EMCOR Group, Inc. (NYSE:EME) Stock Holdings Increased by Independent Advisor Alliance

Key Points

• Independent Advisor Alliance increased its stake in EMCOR Group, Inc. by 15.1%, acquiring an additional 805 shares, bringing its total holdings to 6,142 shares valued at approximately $2.27 million.
• EMCOR Group reported a strong performance with a Q2 earnings per share (EPS) of $6.72, exceeding analysts' expectations by $1.04, alongside a 17.4% year-over-year revenue growth.
• Several research analysts have rated EMCOR Group positively, with a consensus rating of "Moderate Buy" and a target price of around $594.50, reflecting strong confidence in the company's prospects.

Independent Advisor Alliance lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,142 shares of the construction company's stock after acquiring an additional 805 shares during the quarter. Independent Advisor Alliance's holdings in EMCOR Group were worth $2,270,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Select Equity Group L.P. grew its position in shares of EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after buying an additional 16,563 shares during the last quarter. Northern Trust Corp lifted its stake in shares of 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 purchasing an additional 102,738 shares during the period. Pacer Advisors Inc. lifted its stake 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 valued at $197,599,000 after purchasing an additional 521,147 shares during the period. First Trust Advisors LP increased its holdings in EMCOR Group by 35.2% during the 4th 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 in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of EMCOR Group by 13.6% during the fourth quarter. AQR Capital Management LLC now owns 489,825 shares of the construction company's stock valued at $222,332,000 after buying an additional 58,483 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Down 0.8%

Shares of NYSE EME traded down $4.62 during trading on Friday, reaching $605.13. 233,189 shares of the stock were exchanged, compared to its average volume of 388,565. The business's 50-day moving average price is $556.32 and its 200 day moving average price is $465.31. 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 has a market capitalization of $27.09 billion, a price-to-earnings ratio of 25.11 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm's revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $5.25 earnings per share. As a group, equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

Analyst Ratings Changes

EME has been the subject of a number of recent analyst reports. William Blair initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating for the company. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Northcoast Research downgraded shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Company 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.