Hancock Whitney Corp Has $24.70 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Hancock Whitney Corp increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,370 shares of the construction company’s stock after buying an additional 1,309 shares during the quarter. EMCOR Group comprises about 0.8% of Hancock Whitney Corp’s portfolio, making the stock its 26th biggest position. Hancock Whitney Corp owned approximately 0.12% of EMCOR Group worth $24,700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cumberland Partners Ltd raised its position in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after purchasing an additional 1,500 shares during the period. Cetera Advisors LLC raised its holdings in EMCOR Group by 165.3% during the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock worth $2,174,000 after buying an additional 3,869 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after buying an additional 34,553 shares in the last quarter. Gulf International Bank UK Ltd acquired a new position in shares of EMCOR Group during the second quarter valued at about $1,405,000. Finally, MinichMacGregor Wealth Management LLC bought a new stake in shares of EMCOR Group during the third quarter worth about $8,352,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 4.2 %

EME stock opened at $504.92 on Monday. The firm has a market cap of $23.23 billion, a PE ratio of 25.64 and a beta of 1.07. The business has a 50 day moving average of $457.00 and a 200-day moving average of $402.97. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $532.38.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.61 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s payout ratio is 5.08%.

Analyst Ratings Changes

Several brokerages recently weighed in on EME. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday. They issued a “buy” rating and a $600.00 price target on the stock. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday. They set a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. One investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

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.