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

Stock Yards Bank & Trust Co. bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 55,173 shares of the construction company's stock, valued at approximately $11,886,000. Stock Yards Bank & Trust Co. owned 0.12% of EMCOR Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Modus Advisors LLC grew its holdings in EMCOR Group by 2.0% in the fourth quarter. Modus Advisors LLC now owns 2,503 shares of the construction company's stock valued at $539,000 after purchasing an additional 49 shares during the period. Daiwa Securities Group Inc. lifted its position in EMCOR Group by 0.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company's stock worth $3,049,000 after buying an additional 50 shares in the last quarter. Lindbrook Capital LLC lifted its position in EMCOR Group by 32.5% during the fourth quarter. Lindbrook Capital LLC now owns 208 shares of the construction company's stock worth $45,000 after buying an additional 51 shares in the last quarter. Synovus Financial Corp lifted its position in EMCOR Group by 1.0% during the third quarter. Synovus Financial Corp now owns 6,072 shares of the construction company's stock worth $1,277,000 after buying an additional 62 shares in the last quarter. Finally, Allworth Financial LP lifted its position in EMCOR Group by 83.8% during the fourth quarter. Allworth Financial LP now owns 136 shares of the construction company's stock worth $29,000 after buying an additional 62 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Up 1.3 %

EME traded up $4.22 on Monday, hitting $332.85. 449,831 shares of the company were exchanged, compared to its average volume of 418,996. EMCOR Group, Inc. has a twelve month low of $155.46 and a twelve month high of $369.53. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 24.69 and a beta of 1.10. The firm has a 50-day moving average price of $319.31 and a two-hundred day moving average price of $251.48.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, February 28th. The construction company reported $4.47 EPS for the quarter, topping the consensus estimate of $3.51 by $0.96. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The firm had revenue of $3.44 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same period in the previous year, the firm posted $2.63 EPS. EMCOR Group's revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts expect that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.25 per share. This is a boost from EMCOR Group's previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Monday, April 15th. EMCOR Group's dividend payout ratio is currently 7.51%.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total transaction of $1,917,900.00. Following the completion of the sale, the chief executive officer now directly owns 219,023 shares of the company's stock, valued at approximately $70,010,701.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of analyst reports. DA Davidson reiterated a "buy" rating and set a $375.00 price objective on shares of EMCOR Group in a research report on Friday, March 22nd. KeyCorp assumed coverage on EMCOR Group in a research note on Wednesday, January 10th. They issued a "sector weight" rating for the company.

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.