EMCOR Group, Inc. (NYSE:EME) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,116 shares of the construction company's stock after selling 5,248 shares during the quarter. Stock Yards Bank & Trust Co. owned 0.13% of EMCOR Group worth $25,021,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in EME. State Street Corp lifted its stake in shares of EMCOR Group by 1.5% in the third quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock valued at $694,351,000 after purchasing an additional 24,541 shares during the period. Geode Capital Management LLC increased its holdings in EMCOR Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company's stock valued at $428,313,000 after buying an additional 49,137 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of EMCOR Group by 34.4% during the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock valued at $192,028,000 after acquiring an additional 134,575 shares during the period. AQR Capital Management LLC boosted its stake in shares of EMCOR Group by 27.5% during the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after acquiring an additional 88,909 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of EMCOR Group by 4.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock worth $152,427,000 after acquiring an additional 14,447 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EME has been the subject of several research reports. Northcoast Research initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective for the company. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a "sell" rating and a $445.00 price objective on the stock. Finally, Stifel Nicolaus started coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a "buy" rating and a $600.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.

EMCOR Group Stock Performance

EME stock traded down $0.71 during trading on Thursday, hitting $480.25. The stock had a trading volume of 249,966 shares, compared to its average volume of 432,102. The stock has a market cap of $22.09 billion, a price-to-earnings ratio of 24.42 and a beta of 1.09. The company's 50 day moving average price is $477.07 and its two-hundred day moving average price is $413.71. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the business posted $3.61 earnings per share. The company's revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is 5.08%.

EMCOR Group Company 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.