Y Intercept Hong Kong Ltd Trims Holdings in EMCOR Group, Inc. $EME

Y Intercept Hong Kong Ltd trimmed its position in EMCOR Group, Inc. (NYSE:EME) by 72.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,289 shares of the construction company’s stock after selling 6,153 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in EMCOR Group were worth $1,224,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. McLean Asset Management Corp grew its position in shares of EMCOR Group by 2.8% during the second quarter. McLean Asset Management Corp now owns 700 shares of the construction company’s stock worth $379,000 after purchasing an additional 19 shares in the last quarter. Park Place Capital Corp grew its holdings in EMCOR Group by 6.9% during the 2nd quarter. Park Place Capital Corp now owns 308 shares of the construction company’s stock valued at $164,000 after buying an additional 20 shares in the last quarter. NBC Securities Inc. grew its holdings in EMCOR Group by 0.7% during the 2nd quarter. NBC Securities Inc. now owns 3,170 shares of the construction company’s stock valued at $1,695,000 after buying an additional 23 shares in the last quarter. Institute for Wealth Management LLC. grew its holdings in EMCOR Group by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 1,051 shares of the construction company’s stock valued at $562,000 after buying an additional 23 shares in the last quarter. Finally, Wealthstream Advisors Inc. grew its holdings in EMCOR Group by 3.4% during the 2nd quarter. Wealthstream Advisors Inc. now owns 721 shares of the construction company’s stock valued at $386,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

EME has been the subject of a number of research analyst reports. Zacks Research raised shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Robert W. Baird set a $713.00 price objective on shares of EMCOR Group in a report on Friday. Northcoast Research downgraded EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 target price for the company. in a research report on Thursday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their target price on EMCOR Group from $692.00 to $718.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $692.83.

EMCOR Group Stock Down 0.2%

Shares of EME opened at $674.12 on Tuesday. The company has a market cap of $30.18 billion, a PE ratio of 27.97 and a beta of 1.24. The business has a fifty day moving average of $658.96 and a 200 day moving average of $566.20. EMCOR Group, Inc. has a 52-week low of $320.89 and a 52-week high of $778.64. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $6.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $6.57. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.27 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.EMCOR Group’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $5.80 earnings per share. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.02%.

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.