Hancock Whitney Corp Purchases 1,309 Shares of EMCOR Group, Inc. (NYSE:EME)

Hancock Whitney Corp lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 2.3% in the 3rd quarter, Holdings Channel reports. The fund owned 57,370 shares of the construction company’s stock after buying an additional 1,309 shares during the quarter. EMCOR Group accounts for approximately 0.8% of Hancock Whitney Corp’s holdings, making the stock its 26th largest position. Hancock Whitney Corp’s holdings in EMCOR Group were worth $24,700,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in shares of EMCOR Group by 34.4% during the second quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company’s stock worth $192,028,000 after acquiring an additional 134,575 shares in the last quarter. AQR Capital Management LLC boosted its stake in EMCOR Group by 27.5% in the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock worth $150,553,000 after purchasing an additional 88,909 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in 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 purchasing an additional 14,447 shares during the period. TimesSquare Capital Management LLC grew its holdings in EMCOR Group by 3.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 265,485 shares of the construction company’s stock valued at $114,299,000 after buying an additional 9,755 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of EMCOR Group by 99.2% during the second quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company’s stock valued at $85,246,000 after buying an additional 116,300 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EME shares. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday. They set a “buy” rating and a $600.00 price target for the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday. They issued a “sell” rating and a $445.00 price objective on the stock. Finally, Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $504.92 on Monday. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38. The firm has a market cap of $23.23 billion, a PE ratio of 25.64 and a beta of 1.07. The company has a 50 day simple moving average of $457.00 and a two-hundred day simple moving average of $402.97.

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, topping analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.61 EPS. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is presently 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.