UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 5,747 Shares of EMCOR Group, Inc. $EME

Key Points

• UBS AM reduced its stake in EMCOR Group by selling 5,747 shares, resulting in ownership of 359,920 shares valued at $133 million.
• EMCOR Group reported a quarterly EPS of $6.72, exceeding estimates, and a revenue of $4.30 billion, which also surpassed projections.
• The company recently announced a quarterly dividend of $0.25 per share, reflecting an annual yield of 0.2%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 359,920 shares of the construction company's stock after selling 5,747 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.80% of EMCOR Group worth $133,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its holdings in EMCOR Group by 28.6% during the first quarter. Private Trust Co. NA now owns 279 shares of the construction company's stock valued at $103,000 after purchasing an additional 62 shares during the period. Janney Montgomery Scott LLC grew its holdings in EMCOR Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 19,796 shares of the construction company's stock valued at $7,317,000 after purchasing an additional 3,407 shares during the period. Redwood Investment Management LLC bought a new position in EMCOR Group during the fourth quarter valued at $1,417,000. Cambridge Investment Research Advisors Inc. grew its holdings in EMCOR Group by 146.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,700 shares of the construction company's stock valued at $3,955,000 after purchasing an additional 6,361 shares during the period. Finally, Fifth Third Bancorp grew its holdings in EMCOR Group by 17.5% during the first quarter. Fifth Third Bancorp now owns 844 shares of the construction company's stock valued at $312,000 after purchasing an additional 126 shares during the period. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EME has been the subject of a number of analyst reports. TD Securities initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Hovde Group raised EMCOR Group to a "hold" rating in a report on Friday, June 27th. The Goldman Sachs Group raised 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. Jefferies Financial Group initiated coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Finally, Stifel Nicolaus raised their price target on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Price Performance

NYSE:EME opened at $629.79 on Friday. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 26.13 and a beta of 1.28. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $667.64. The stock has a fifty day moving average of $604.37 and a 200 day moving average of $490.87. 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 posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the company earned $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

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

About EMCOR Group

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.

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