Vestmark Advisory Solutions Inc. Trims Position in EMCOR Group, Inc. $EME

Vestmark Advisory Solutions Inc. cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 58.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,270 shares of the construction company’s stock after selling 10,384 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in EMCOR Group were worth $3,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC increased its holdings in EMCOR Group by 384.0% during the 1st quarter. Penserra Capital Management LLC now owns 1,026 shares of the construction company’s stock worth $378,000 after acquiring an additional 814 shares during the period. Allworth Financial LP grew its position in shares of EMCOR Group by 17.9% during the 1st quarter. Allworth Financial LP now owns 217 shares of the construction company’s stock valued at $87,000 after purchasing an additional 33 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of EMCOR Group by 3.4% in the first quarter. Alps Advisors Inc. now owns 908 shares of the construction company’s stock worth $336,000 after purchasing an additional 30 shares during the period. Cerity Partners LLC increased its holdings in shares of EMCOR Group by 4.0% in the first quarter. Cerity Partners LLC now owns 12,825 shares of the construction company’s stock worth $4,740,000 after purchasing an additional 497 shares during the period. Finally, State of Michigan Retirement System raised its position in shares of EMCOR Group by 1.7% in the first quarter. State of Michigan Retirement System now owns 11,848 shares of the construction company’s stock worth $4,379,000 after buying an additional 200 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 0.7%

Shares of EME opened at $649.15 on Friday. The firm has a market cap of $29.06 billion, a price-to-earnings ratio of 26.94 and a beta of 1.25. 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, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $778.64. The firm has a 50 day moving average price of $661.69 and a 200-day moving average price of $572.85.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 30th. The construction company reported $6.57 EPS for the quarter, meeting the consensus estimate of $6.57. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.27 billion. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, October 15th. EMCOR Group’s payout ratio is 4.02%.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 1,325 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $677.22, for a total transaction of $897,316.50. Following the completion of the sale, the director directly owned 6,140 shares in the company, valued at $4,158,130.80. This represents a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Stifel Nicolaus boosted their target price on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. William Blair initiated coverage on EMCOR Group in a report on Thursday, September 11th. They set an “outperform” rating for the company. DA Davidson upped their price objective on shares of EMCOR Group from $725.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group has an average rating of “Moderate Buy” and an average price target of $692.83.

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.