Banque Cantonale Vaudoise Purchases Shares of 2,431 EMCOR Group, Inc. (NYSE:EME)

Banque Cantonale Vaudoise bought a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,431 shares of the construction company's stock, valued at approximately $1,047,000.

Several other institutional investors also recently made changes to their positions in EME. Matrix Trust Co bought a new position in EMCOR Group during the 2nd quarter worth $26,000. Proffitt & Goodson Inc. acquired a new stake in shares of EMCOR Group in the 2nd quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in EMCOR Group in the 3rd quarter valued at about $33,000. Innealta Capital LLC acquired a new position in EMCOR Group during the 2nd quarter valued at about $29,000. Finally, ORG Partners LLC bought a new position in EMCOR Group in the 2nd quarter worth about $31,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EME has been the subject of several analyst reports. DA Davidson boosted their price objective on EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus started coverage on EMCOR Group in a report on Friday, November 15th. They set a "buy" rating and a $600.00 price target on the stock.

EMCOR Group Price Performance

Shares of NYSE EME traded up $11.13 during mid-day trading on Thursday, reaching $526.95. 397,292 shares of the company traded hands, compared to its average volume of 434,790. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $532.38. The firm has a market cap of $24.24 billion, a PE ratio of 26.20 and a beta of 1.07. The stock has a fifty day simple moving average of $452.05 and a 200-day simple moving average of $400.82.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $3.61 EPS. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's payout ratio is 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.