Kickstand Ventures LLC. Purchases New Stake in EMCOR Group, Inc. (NYSE:EME)

Key Points

• Kickstand Ventures LLC has acquired a new stake in EMCOR Group, purchasing 722 shares valued at approximately $267,000.
• EMCOR Group reported a quarterly earnings per share of $6.72, exceeding estimates of $5.68, along with a revenue of $4.30 billion—up 17.4% year-over-year.
• The company recently declared a $0.25 quarterly dividend, reflecting a yield of 0.2% and a payout ratio of 4.15%.

Kickstand Ventures LLC. purchased a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 722 shares of the construction company's stock, valued at approximately $267,000.

A number of other large investors have also recently made changes to their positions in the business. ING Groep NV purchased a new position in shares of EMCOR Group during the 1st quarter valued at about $3,142,000. Raiffeisen Bank International AG lifted its position in EMCOR Group by 265.9% in the first quarter. Raiffeisen Bank International AG now owns 6,246 shares of the construction company's stock worth $2,316,000 after buying an additional 4,539 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of EMCOR Group by 10.0% during the 1st quarter. Manchester Capital Management LLC now owns 659 shares of the construction company's stock valued at $244,000 after purchasing an additional 60 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in EMCOR Group by 12.5% during the 1st quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 1,800 shares of the construction company's stock valued at $665,000 after acquiring an additional 200 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in EMCOR Group by 4.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,444 shares of the construction company's stock worth $1,273,000 after purchasing an additional 159 shares during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

Shares of EME traded down $4.02 during mid-day trading on Wednesday, hitting $620.98. 299,307 shares of the company traded hands, compared to its average volume of 392,019. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 25.77 and a beta of 1.27. The stock has a 50-day moving average price of $537.07 and a two-hundred day moving average price of $459.69.

EMCOR Group (NYSE:EME - Get Free Report) last released 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 business 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 business's revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.25 earnings per share. Equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on EME. DA Davidson upped their price objective on EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a report on Friday, August 1st. Jefferies Financial Group started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. UBS Group set a $750.00 target price on EMCOR Group and gave the stock a "buy" rating in a report on Tuesday. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Hovde Group raised EMCOR Group to a "hold" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $611.17.

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.