Martingale Asset Management L P Sells 16,141 Shares of EMCOR Group, Inc. $EME

Key Points

• Martingale Asset Management L P reduced its stake in EMCOR Group, Inc. by 30.0%, now owning approximately 37,627 shares valued around $13.9 million.
• EMCOR Group reported earnings of $6.72 per share for the last quarter, surpassing expectations of $5.68, with revenue totaling $4.30 billion.
• The firm announced a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 0.2%.

Martingale Asset Management L P trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 30.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,627 shares of the construction company's stock after selling 16,141 shares during the period. Martingale Asset Management L P owned approximately 0.08% of EMCOR Group worth $13,908,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. True Wealth Design LLC boosted its holdings in EMCOR Group by 24.3% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares during the last quarter. GeoWealth Management LLC boosted its holdings in EMCOR Group by 12.4% in the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after purchasing an additional 28 shares during the last quarter. Continuum Advisory LLC boosted its holdings in EMCOR Group by 53.7% in the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares during the last quarter. Alps Advisors Inc. boosted its holdings in EMCOR Group by 3.4% in the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock worth $336,000 after purchasing an additional 30 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in EMCOR Group by 17.9% in the first quarter. Allworth Financial LP now owns 217 shares of the construction company's stock worth $87,000 after purchasing an additional 33 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on EME. Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. TD Securities started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They set a "buy" rating on the stock. Stifel Nicolaus lifted their price target on shares of EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Finally, DA Davidson lifted their price target on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded down $0.5080 on Friday, hitting $610.3420. 222,909 shares of the company's stock were exchanged, compared to its average volume of 377,207. The company has a 50-day simple moving average of $569.94 and a 200-day simple moving average of $471.01. The stock has a market capitalization of $27.32 billion, a PE ratio of 25.33 and a beta of 1.27. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year 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.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 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 the consensus estimate of $4.10 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company's revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm earned $5.25 EPS. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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

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.