Hancock Whitney Corp Acquires 546 Shares of Emcor Group Inc (NYSE:EME)

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Hancock Whitney Corp boosted its holdings in shares of Emcor Group Inc (NYSE:EME) by 2.1% during the fourth quarter, HoldingsChannel reports. The fund owned 26,982 shares of the construction company’s stock after purchasing an additional 546 shares during the quarter. Hancock Whitney Corp’s holdings in Emcor Group were worth $2,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Texas Permanent School Fund boosted its stake in shares of Emcor Group by 0.4% in the 3rd quarter. Texas Permanent School Fund now owns 38,208 shares of the construction company’s stock valued at $3,290,000 after purchasing an additional 139 shares during the last quarter. Bowling Portfolio Management LLC boosted its stake in shares of Emcor Group by 1.3% in the 4th quarter. Bowling Portfolio Management LLC now owns 12,723 shares of the construction company’s stock valued at $1,098,000 after purchasing an additional 168 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Emcor Group by 1.2% in the 4th quarter. Empirical Finance LLC now owns 14,994 shares of the construction company’s stock valued at $1,294,000 after purchasing an additional 179 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Emcor Group by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 16,500 shares of the construction company’s stock valued at $1,424,000 after purchasing an additional 200 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Emcor Group by 5.1% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,364 shares of the construction company’s stock valued at $376,000 after purchasing an additional 212 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on EME shares. DA Davidson upped their price objective on shares of Emcor Group to $107.00 and gave the company a “positive” rating in a research note on Wednesday, October 30th. ValuEngine raised shares of Emcor Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Maxim Group reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Emcor Group in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $98.50.

Shares of NYSE EME opened at $87.46 on Friday. The firm has a market cap of $4.93 billion, a PE ratio of 15.66 and a beta of 1.06. Emcor Group Inc has a 12-month low of $67.53 and a 12-month high of $93.54. The company’s fifty day simple moving average is $85.85 and its 200 day simple moving average is $86.42. The company has a quick ratio of 1.40, a current ratio of 1.43 and a debt-to-equity ratio of 0.22.

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, January 16th. Emcor Group’s dividend payout ratio is presently 6.52%.

Emcor Group Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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