55,173 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 55,173 shares of the construction company’s stock, valued at approximately $11,886,000. Stock Yards Bank & Trust Co. owned approximately 0.12% of EMCOR Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Modus Advisors LLC lifted its holdings in shares of EMCOR Group by 2.0% during the 4th quarter. Modus Advisors LLC now owns 2,503 shares of the construction company’s stock worth $539,000 after acquiring an additional 49 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of EMCOR Group by 0.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the construction company’s stock worth $3,049,000 after acquiring an additional 50 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of EMCOR Group by 32.5% during the 4th quarter. Lindbrook Capital LLC now owns 208 shares of the construction company’s stock worth $45,000 after acquiring an additional 51 shares during the period. Synovus Financial Corp lifted its holdings in shares of EMCOR Group by 1.0% during the 3rd quarter. Synovus Financial Corp now owns 6,072 shares of the construction company’s stock worth $1,277,000 after acquiring an additional 62 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of EMCOR Group by 83.8% during the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company’s stock worth $29,000 after acquiring an additional 62 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Anthony Guzzi sold 6,000 shares of the 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 transaction, the chief executive officer now directly owns 219,023 shares in the company, valued at approximately $70,010,701.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EME. KeyCorp started coverage on shares of EMCOR Group in a report on Wednesday, January 10th. They set a “sector weight” rating on the stock. DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a research report on Friday, March 22nd.

EMCOR Group Stock Performance

EME traded up $4.52 on Monday, reaching $333.15. 151,560 shares of the company’s stock were exchanged, compared to its average volume of 415,010. The company’s 50 day moving average is $319.31 and its 200-day moving average is $251.48. The company has a market cap of $15.68 billion, a price-to-earnings ratio of 24.69 and a beta of 1.10. EMCOR Group, Inc. has a twelve month low of $155.46 and a twelve month high of $369.53.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, February 28th. The construction company reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.96. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.36 billion. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.63 EPS. Sell-side analysts forecast that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid 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 7.51%.

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.