EMCOR Group, Inc. $EME Shares Sold by National Pension Service

Key Points

• The National Pension Service has reduced its stake in EMCOR Group by 69.4%, owning 29,111 shares after selling 66,026 shares during the first quarter.
• EMCOR Group reported a quarterly EPS of $6.72, surpassing the consensus estimate of $5.68, with revenue increasing by 17.4% year-over-year.
• Analysts have given EMCOR Group an average rating of "Moderate Buy", with a price target of $594.50, following various recent changes in positions among institutional investors.

National Pension Service decreased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 69.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,111 shares of the construction company's stock after selling 66,026 shares during the quarter. National Pension Service owned 0.07% of EMCOR Group worth $10,760,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EME. Mariner LLC raised its holdings in EMCOR Group by 32.4% in the 4th quarter. Mariner LLC now owns 8,114 shares of the construction company's stock worth $3,683,000 after purchasing an additional 1,986 shares during the period. United Capital Financial Advisors LLC grew its position in shares of EMCOR Group by 7.3% in 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 during the period. NewEdge Advisors LLC grew its position in shares of EMCOR Group by 10.0% in the fourth quarter. NewEdge Advisors LLC now owns 12,596 shares of the construction company's stock valued at $5,717,000 after purchasing an additional 1,148 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of EMCOR Group by 3.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 65,367 shares of the construction company's stock valued at $29,657,000 after purchasing an additional 2,444 shares during the period. Finally, GeoWealth Management LLC grew its position in shares of EMCOR Group by 12.4% in 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 during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Up 1.9%

EMCOR Group stock traded up $11.4690 during midday trading on Friday, hitting $622.3190. 79,159 shares of the stock were exchanged, compared to its average volume of 478,213. 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 $27.85 billion, a price-to-earnings ratio of 25.83 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 released its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm 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. EMCOR Group's revenue was up 17.4% compared to the same quarter last year. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

EME has been the topic of several research analyst reports. Northcoast Research lowered shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price on the stock. in a research report on Thursday, August 7th. Wall Street Zen raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating for the company. Jefferies Financial Group started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Finally, UBS Group set a $750.00 price objective on EMCOR Group and gave the company a "buy" rating in a research note on Tuesday, August 5th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company 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.