J. Safra Sarasin Holding AG Buys 1,746 Shares of EMCOR Group, Inc. $EME

Key Points

• J. Safra Sarasin Holding AG increased its stake in EMCOR Group by 83.3%, now holding 3,843 shares valued at approximately $2,056,000.
• EMCOR Group reported quarterly earnings per share of $6.72, surpassing analysts' expectations of $5.68, with a revenue of $4.30 billion.
• The company announced a quarterly dividend of $0.25 per share, with a total annualized dividend yield of 0.2%.

J. Safra Sarasin Holding AG grew its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 83.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,843 shares of the construction company's stock after acquiring an additional 1,746 shares during the quarter. J. Safra Sarasin Holding AG's holdings in EMCOR Group were worth $2,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EME. Merit Financial Group LLC increased its holdings in shares of EMCOR Group by 37.4% during the first quarter. Merit Financial Group LLC now owns 2,938 shares of the construction company's stock valued at $1,086,000 after acquiring an additional 799 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of EMCOR Group during the first quarter valued at $211,000. Vest Financial LLC boosted its position in shares of EMCOR Group by 48.1% during the first quarter. Vest Financial LLC now owns 7,794 shares of the construction company's stock valued at $2,881,000 after buying an additional 2,530 shares during the last quarter. Impact Capital Partners LLC boosted its position in shares of EMCOR Group by 8.2% during the first quarter. Impact Capital Partners LLC now owns 2,861 shares of the construction company's stock valued at $1,058,000 after buying an additional 217 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of EMCOR Group by 26.8% during the first quarter. UMB Bank n.a. now owns 1,444 shares of the construction company's stock valued at $534,000 after buying an additional 305 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 0.8%

Shares of NYSE:EME opened at $654.76 on Friday. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week 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 stock has a market capitalization of $29.31 billion, a price-to-earnings ratio of 27.17 and a beta of 1.24. The stock's 50-day simple moving average is $627.32 and its two-hundred day simple moving average is $516.82.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same period in the previous year, the firm earned $5.25 EPS. The business's quarterly 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. Analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group's payout ratio is presently 4.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EME shares. The Goldman Sachs Group increased their price objective on EMCOR Group from $384.00 to $435.00 and gave the company a "sell" rating in a research report on Tuesday, July 8th. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Stifel Nicolaus increased their price objective on EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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