EMCOR Group, Inc. $EME Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its holdings in EMCOR Group by 56.4%, owning approximately 46,073 shares valued at $17 million after acquiring an additional 16,618 shares in Q1.
• EMCOR Group reported earnings per share (EPS) of $6.72 for the last quarter, exceeding the consensus estimate of $5.68 and showcasing a 17.4% revenue increase year-over-year.
• The company also declared a quarterly dividend of $0.25 per share, yielding 0.2%, with a total annualized dividend of $1.00.

Trexquant Investment LP increased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 56.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,073 shares of the construction company's stock after buying an additional 16,618 shares during the period. Trexquant Investment LP owned 0.10% of EMCOR Group worth $17,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BankPlus Trust Department raised its holdings in shares of EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock worth $27,000 after buying an additional 48 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of EMCOR Group during the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in shares of EMCOR Group in the 1st quarter valued at about $30,000. Groupe la Francaise lifted its holdings in EMCOR Group by 79.2% during the first quarter. Groupe la Francaise now owns 86 shares of the construction company's stock worth $33,000 after acquiring an additional 38 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new stake in EMCOR Group during the 1st quarter worth approximately $37,000. Institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent research reports. Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a report on Thursday, August 7th. Baird R W raised EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Hovde Group upgraded shares of EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Stifel Nicolaus increased their price objective 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. Finally, The Goldman Sachs Group boosted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a report on Tuesday, July 8th. 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 company's stock. According to MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Stock Performance

Shares of EME stock traded up $1.64 during trading hours on Wednesday, reaching $622.05. 57,882 shares of the company traded hands, compared to its average volume of 471,679. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market cap of $27.84 billion, a P/E ratio of 25.81 and a beta of 1.28. The firm has a 50-day moving average price of $588.43 and a 200 day moving average price of $479.47.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating 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 firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the prior year, the company earned $5.25 EPS. The company's quarterly 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. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

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.