Hancock Whitney Corp grew its stake in shares of Emcor Group Inc (NYSE:EME) by 11.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 20,782 shares of the construction company’s stock after buying an additional 2,095 shares during the quarter. Hancock Whitney Corp’s holdings in Emcor Group were worth $1,519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Icon Wealth Partners LLC acquired a new stake in shares of Emcor Group in the 1st quarter valued at about $25,000. Rockefeller Capital Management L.P. bought a new stake in shares of Emcor Group during the first quarter worth approximately $34,000. FinTrust Capital Advisors LLC raised its position in shares of Emcor Group by 62.4% in the first quarter. FinTrust Capital Advisors LLC now owns 812 shares of the construction company’s stock valued at $59,000 after buying an additional 312 shares in the last quarter. ETF Managers Group LLC raised its position in shares of Emcor Group by 17.8% in the fourth quarter. ETF Managers Group LLC now owns 1,703 shares of the construction company’s stock valued at $102,000 after buying an additional 257 shares in the last quarter. Finally, Starr International Co. Inc. acquired a new stake in shares of Emcor Group in the first quarter valued at approximately $146,000. Institutional investors own 93.96% of the company’s stock.

In other Emcor Group news, Chairman Anthony Guzzi sold 7,232 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $75.06, for a total transaction of $542,833.92. Following the sale, the chairman now owns 402,455 shares of the company’s stock, valued at $30,208,272.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark A. Pompa sold 12,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $85.00, for a total transaction of $1,020,000.00. The disclosure for this sale can be found here. Insiders have sold 40,546 shares of company stock worth $3,239,188 in the last ninety days. Insiders own 1.90% of the company’s stock.

A number of analysts have weighed in on EME shares. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a research note on Thursday, May 2nd. Maxim Group set a $73.00 price objective on shares of Emcor Group and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, ValuEngine raised shares of Emcor Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th.

Shares of EME opened at $84.65 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.01 and a beta of 1.18. Emcor Group Inc has a 12 month low of $57.29 and a 12 month high of $85.31.

Emcor Group (NYSE:EME) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.23. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Emcor Group had a net margin of 3.58% and a return on equity of 17.18%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, sell-side analysts predict that Emcor Group Inc will post 5.45 EPS for the current year.

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Emcor Group Company 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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