Royal Bank of Canada Trims Position in EMCOR Group, Inc. $EME

Key Points

• The Royal Bank of Canada has reduced its stake in EMCOR Group, Inc. by 10.9%, selling 33,914 shares and now owns approximately 0.62% valued at $102.3 million.
• EMCOR Group reported a strong quarterly earnings result, with an EPS of $6.72, exceeding analysts' estimates of $5.68, and a revenue increase of 17.4% year-over-year.
• The company recently announced a quarterly dividend of $0.25 per share, reflecting an annualized dividend of $1.00 and a yield of 0.2%.

Royal Bank of Canada reduced its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 10.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 276,861 shares of the construction company's stock after selling 33,914 shares during the period. Royal Bank of Canada owned about 0.62% of EMCOR Group worth $102,336,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in EMCOR Group by 3,878.2% in the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after buying an additional 521,147 shares during the period. GAMMA Investing LLC raised its holdings in shares of EMCOR Group by 49,775.5% in the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after purchasing an additional 373,316 shares in the last quarter. Nuveen LLC bought a new position in shares of EMCOR Group during the 1st quarter worth about $71,821,000. Ameriprise Financial Inc. raised its stake in EMCOR Group by 94.2% during the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after buying an additional 148,915 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in EMCOR Group by 203.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 185,512 shares of the construction company's stock worth $68,571,000 after acquiring an additional 124,295 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EME traded down $3.11 during midday trading on Monday, reaching $622.29. The stock had a trading volume of 382,780 shares, compared to its average volume of 471,450. 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, Inc. has a one year low of $320.89 and a one year high of $667.64. The firm has a 50 day simple moving average of $595.37 and a 200-day simple moving average of $484.04. The firm has a market cap of $27.85 billion, a PE ratio of 25.79 and a beta of 1.28.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping 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 business 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. As a group, sell-side 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. Investors of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend payout ratio (DPR) is currently 4.15%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. William Blair started coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating on the stock. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. Northcoast Research lowered EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price target on the stock. in a research note on Thursday, August 7th. Wall Street Zen upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, DA Davidson raised their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One investment 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 company. According to data from MarketBeat.com, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average 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.