Ameritas Advisory Services LLC Sells 2,794 Shares of EMCOR Group, Inc. $EME

Ameritas Advisory Services LLC lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 91.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 275 shares of the construction company’s stock after selling 2,794 shares during the quarter. Ameritas Advisory Services LLC’s holdings in EMCOR Group were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of EMCOR Group by 25.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,145 shares of the construction company’s stock worth $2,752,000 after purchasing an additional 1,058 shares during the period. J. Safra Sarasin Holding AG grew its stake in shares of EMCOR Group by 83.3% during the second quarter. J. Safra Sarasin Holding AG now owns 3,843 shares of the construction company’s stock worth $2,056,000 after purchasing an additional 1,746 shares during the period. Warren Street Wealth Advisors LLC acquired a new stake in shares of EMCOR Group during the second quarter worth $275,000. Woodward Diversified Capital LLC acquired a new stake in shares of EMCOR Group during the second quarter worth $397,000. Finally, Precision Wealth Strategies LLC grew its stake in shares of EMCOR Group by 4.0% during the second quarter. Precision Wealth Strategies LLC now owns 1,094 shares of the construction company’s stock worth $585,000 after purchasing an additional 42 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on EME. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday. Baird R W raised EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. Stifel Nicolaus lifted their price objective on EMCOR Group from $503.00 to $597.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, EMCOR Group presently has a consensus rating of “Moderate Buy” and an average price target of $634.67.

EMCOR Group Stock Performance

Shares of EMCOR Group stock opened at $694.93 on Thursday. The firm has a market cap of $31.11 billion, a price-to-earnings ratio of 28.84 and a beta of 1.24. The stock’s 50-day moving average is $629.93 and its 200-day moving average is $522.65. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $695.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15.

EMCOR Group (NYSE:EME) last issued its quarterly 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 company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period in the previous year, the company posted $5.25 earnings per share. 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. Equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, October 15th. EMCOR Group’s dividend payout ratio is presently 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.