Atria Wealth Solutions Inc. Lowers Stake in EMCOR Group, Inc. $EME

Atria Wealth Solutions Inc. lessened its position in shares of EMCOR Group, Inc. (NYSE:EME) by 40.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 412 shares of the construction company’s stock after selling 275 shares during the period. Atria Wealth Solutions Inc.’s holdings in EMCOR Group were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EME. Pacer Advisors Inc. grew its position in EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after acquiring an additional 521,147 shares during the period. New Vernon Capital Holdings II LLC acquired a new position in shares of EMCOR Group during the first quarter worth about $114,220,000. Jones Financial Companies Lllp lifted its stake in shares of EMCOR Group by 56,287.8% during the first quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock worth $105,881,000 after purchasing an additional 285,942 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of EMCOR Group by 43.6% during the first quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock worth $253,065,000 after purchasing an additional 213,631 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of EMCOR Group during the first quarter worth about $71,821,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME stock opened at $663.17 on Thursday. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $704.09. The firm has a market capitalization of $29.68 billion, a price-to-earnings ratio of 27.52 and a beta of 1.24. The business has a 50 day simple moving average of $641.83 and a 200 day simple moving average of $543.53. 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 released its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.25 earnings per share. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. EMCOR Group’s payout ratio is 4.15%.

Analyst Ratings Changes

A number of brokerages have commented on EME. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. William Blair started coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an “outperform” rating on the stock. Stifel Nicolaus boosted their price target on EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. DA Davidson boosted their price target on EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, TD Securities started coverage on EMCOR Group in a research note on Friday, June 27th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $654.83.

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.