Hancock Whitney Corp Raises Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Hancock Whitney Corp raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,637 shares of the construction company's stock after buying an additional 1,267 shares during the period. EMCOR Group comprises about 0.8% of Hancock Whitney Corp's portfolio, making the stock its 22nd biggest position. Hancock Whitney Corp owned 0.13% of EMCOR Group worth $26,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EME. Voya Investment Management LLC boosted its holdings in EMCOR Group by 21.7% during the 4th quarter. Voya Investment Management LLC now owns 26,620 shares of the construction company's stock worth $12,083,000 after acquiring an additional 4,749 shares during the last quarter. Pinebridge Investments L.P. grew its position in EMCOR Group by 136.0% in the 4th quarter. Pinebridge Investments L.P. now owns 24,019 shares of the construction company's stock worth $10,902,000 after purchasing an additional 13,840 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of EMCOR Group during the 4th quarter worth approximately $978,000. Harvest Investment Services LLC grew its holdings in shares of EMCOR Group by 45.3% in the fourth quarter. Harvest Investment Services LLC now owns 5,549 shares of the construction company's stock valued at $2,519,000 after acquiring an additional 1,730 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of EMCOR Group by 28.8% during the fourth quarter. Hsbc Holdings PLC now owns 36,515 shares of the construction company's stock valued at $16,602,000 after acquiring an additional 8,175 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lowered their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $497.25.

Insider Buying and Selling

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the transaction, the chief accounting officer now owns 27,642 shares of the company's stock, valued at $10,229,474.94. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Trading Up 0.3 %

Shares of NYSE EME traded up $1.11 during midday trading on Tuesday, hitting $411.37. The company's stock had a trading volume of 152,578 shares, compared to its average volume of 532,522. The stock has a fifty day moving average price of $385.65 and a 200 day moving average price of $443.60. The firm has a market capitalization of $18.54 billion, a price-to-earnings ratio of 20.89 and a beta of 1.08. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.29.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. EMCOR Group's payout ratio is currently 4.64%.

EMCOR Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

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.