Wealth Enhancement Advisory Services LLC Sells 16,945 Shares of EMCOR Group, Inc. $EME

Key Points

• Wealth Enhancement Advisory Services LLC significantly reduced its stake in EMCOR Group, selling 16,945 shares and now holding 9,476 shares valued at approximately $5.18 million.
• Several institutional investors have increased or initiated stakes in EMCOR Group, reflecting strong institutional investor interest as they own 92.59% of the company's stock.
• EMCOR Group reported a strong quarterly performance with $6.72 earnings per share, surpassing expectations, and plans to distribute a $0.25 dividend per share.

Wealth Enhancement Advisory Services LLC lessened its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 64.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,476 shares of the construction company's stock after selling 16,945 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in EMCOR Group were worth $5,186,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EME shares. Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price target for the company. William Blair initiated coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They issued an "outperform" rating for the company. UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a "buy" rating in a report on Tuesday, August 5th. The Goldman Sachs Group boosted their target price on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Finally, Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, EMCOR Group has an average rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Trading Down 2.7%

NYSE:EME opened at $627.55 on Thursday. 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 firm has a 50-day moving average of $617.37 and a 200-day moving average of $503.94. The company has a market cap of $28.09 billion, a PE ratio of 26.04 and a beta of 1.28. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share 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 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 company earned $5.25 earnings per share. The firm's revenue for the quarter 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, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company 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. The ex-dividend date was Tuesday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.2%. EMCOR Group's payout ratio is 4.15%.

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.

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