EMCOR Group, Inc. $EME Shares Sold by National Bank of Canada FI

Key Points

• National Bank of Canada FI reduced its stake in EMCOR Group, Inc. by 78.5%, now holding only 242 shares valued at $89,000.
• EMCOR Group reported $6.72 earnings per share for the last quarter, exceeding expectations by $1.04 and showcasing a 17.4% revenue increase year over year.
• The company's stock has been assigned a consensus rating of "Moderate Buy" with an average target price of $594.50 from various analysts.

National Bank of Canada FI cut its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 78.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 242 shares of the construction company's stock after selling 885 shares during the period. National Bank of Canada FI's holdings in EMCOR Group were worth $89,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mariner LLC lifted its holdings in EMCOR Group by 32.4% during the fourth quarter. Mariner LLC now owns 8,114 shares of the construction company's stock valued at $3,683,000 after purchasing an additional 1,986 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in EMCOR Group by 7.3% during the fourth quarter. United Capital Financial Advisors LLC now owns 1,236 shares of the construction company's stock valued at $561,000 after purchasing an additional 84 shares in the last quarter. GeoWealth Management LLC lifted its holdings in EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after purchasing an additional 28 shares in the last quarter. Ossiam lifted its holdings in EMCOR Group by 1,937.9% during the fourth quarter. Ossiam now owns 1,345 shares of the construction company's stock valued at $610,000 after purchasing an additional 1,279 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in EMCOR Group by 7.1% during the fourth quarter. MetLife Investment Management LLC now owns 26,717 shares of the construction company's stock valued at $12,127,000 after purchasing an additional 1,768 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Up 0.5%

EMCOR Group stock traded up $3.0450 during midday trading on Friday, hitting $613.8950. 134,312 shares of the stock were exchanged, compared to its average volume of 478,606. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64. The stock has a market capitalization of $27.48 billion, a price-to-earnings ratio of 25.51 and a beta of 1.27. The stock's 50-day simple moving average is $567.28 and its 200 day simple moving average is $469.78. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results 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 net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. During the same period last year, the business earned $5.25 earnings per share. The business's revenue for the quarter was up 17.4% on a year-over-year basis. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, 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. Shareholders of record on Tuesday, July 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's payout ratio is currently 4.15%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. DA Davidson increased their price objective on shares of 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 initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 target price for the company. Finally, Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $594.50.

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.