Stock Yards Bank & Trust Co. Grows Stock Position in EMCOR Group, Inc. (NYSE:EME)

Stock Yards Bank & Trust Co. raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,532 shares of the construction company’s stock after buying an additional 416 shares during the quarter. Stock Yards Bank & Trust Co. owned approximately 0.13% of EMCOR Group worth $26,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Koshinski Asset Management Inc. grew its holdings in EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $298,000 after purchasing an additional 26 shares during the period. Cumberland Partners Ltd grew its stake in shares of EMCOR Group by 60.0% during the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after buying an additional 1,500 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock valued at $311,000 after buying an additional 667 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after buying an additional 34,553 shares during the last quarter. Finally, Independent Advisor Alliance raised its position in shares of EMCOR Group by 25.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after buying an additional 1,049 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EME. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Finally, Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Stock Performance

EME stock opened at $448.52 on Monday. The stock has a 50-day simple moving average of $483.05 and a 200-day simple moving average of $439.71. The firm has a market cap of $20.63 billion, a P/E ratio of 22.78 and a beta of 1.12. EMCOR Group, Inc. has a 1 year low of $226.99 and a 1 year high of $545.29.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.61 earnings per share. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. EMCOR Group’s payout ratio is currently 5.08%.

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.