Y Intercept Hong Kong Ltd Sells 6,348 Shares of EMCOR Group, Inc. $EME

Y Intercept Hong Kong Ltd decreased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 72.4% in the first quarter, Holdings Channel reports. The institutional investor owned 2,416 shares of the construction company’s stock after selling 6,348 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in EMCOR Group were worth $1,784,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of EMCOR Group by 12.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,149 shares of the construction company’s stock valued at $7,972,000 after buying an additional 1,389 shares during the last quarter. North Dakota State Investment Board purchased a new position in EMCOR Group in the 4th quarter worth approximately $928,000. Chase Investment Counsel Corp lifted its position in EMCOR Group by 152.1% in the 4th quarter. Chase Investment Counsel Corp now owns 2,849 shares of the construction company’s stock valued at $1,742,000 after acquiring an additional 1,719 shares in the last quarter. Spectrum Strategic Capital Management LLC bought a new position in EMCOR Group in the 4th quarter valued at approximately $970,000. Finally, Passumpsic Savings Bank purchased a new stake in EMCOR Group during the 4th quarter valued at $1,726,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EME has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a report on Monday, April 20th. Stifel Nicolaus set a $918.00 price target on EMCOR Group in a report on Thursday, April 30th. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $1,123.00 target price on shares of EMCOR Group in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and an average price target of $871.25.

Insider Buying and Selling

In other EMCOR Group news, Director Steven Schwarzwaelder sold 5,602 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $895.19, for a total transaction of $5,014,854.38. Following the completion of the sale, the director owned 15,875 shares of the company’s stock, valued at approximately $14,211,141.25. The trade was a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason R. Nalbandian sold 800 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $856.43, for a total value of $685,144.00. Following the completion of the sale, the chief financial officer owned 18,157 shares of the company’s stock, valued at approximately $15,550,199.51. The trade was a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,027 shares of company stock worth $8,957,466 in the last quarter. Company insiders own 0.83% of the company’s stock.

EMCOR Group Trading Up 1.9%

Shares of NYSE EME opened at $783.51 on Friday. EMCOR Group, Inc. has a 12-month low of $537.10 and a 12-month high of $951.96. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 26.28 and a beta of 1.13. The firm has a 50 day moving average of $846.56 and a 200 day moving average of $774.91.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $6.84 earnings per share for the quarter, topping the consensus estimate of $5.90 by $0.94. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.20 billion. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $5.41 earnings per share. EMCOR Group has set its FY 2026 guidance at 28.250-29.750 EPS. Sell-side analysts predict that EMCOR Group, Inc. will post 29.37 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.37%.

About EMCOR Group

EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.

EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.