Level Four Advisory Services LLC Trims Stake in EMCOR Group, Inc. $EME

Level Four Advisory Services LLC cut its position in shares of EMCOR Group, Inc. (NYSE:EME) by 29.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,634 shares of the construction company’s stock after selling 1,091 shares during the period. Level Four Advisory Services LLC’s holdings in EMCOR Group were worth $1,409,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in EMCOR Group by 63.8% during the second quarter. Nordea Investment Management AB now owns 395,110 shares of the construction company’s stock valued at $210,278,000 after buying an additional 153,948 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in EMCOR Group by 4.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 21,345 shares of the construction company’s stock worth $11,417,000 after buying an additional 894 shares during the period. Pinnbrook Capital Management LP bought a new stake in EMCOR Group during the 2nd quarter valued at $1,510,000. AG2R LA Mondiale Gestion D Actifs bought a new stake in EMCOR Group during the 2nd quarter valued at $1,606,000. Finally, Empirical Finance LLC purchased a new position in shares of EMCOR Group in the 2nd quarter valued at $1,174,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Up 0.7%

EME stock opened at $614.74 on Friday. The stock has a market capitalization of $27.52 billion, a PE ratio of 25.51 and a beta of 1.25. 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. The firm has a 50 day moving average of $657.91 and a 200 day moving average of $592.75.

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, meeting analysts’ consensus estimates of $6.57. The business 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%. EMCOR Group’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.80 EPS. EMCOR Group has set its FY 2025 guidance at 25.000-25.75 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EME shares. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of EMCOR Group from $692.00 to $718.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Wall Street Zen cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $495.00 to $676.00 in a research report on Tuesday, October 7th. Finally, Zacks Research lowered shares of EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $692.83.

Insider Transactions at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,325 shares of EMCOR Group 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 owned 6,140 shares of the company’s stock, valued at approximately $4,158,130.80. The trade was a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.83% of the stock is owned by company insiders.

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.