Hancock Holding Co. Grows Position in Emcor Group Inc (EME)

Hancock Holding Co. increased its holdings in Emcor Group Inc (NYSE:EME) by 62.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,476 shares of the construction company’s stock after acquiring an additional 15,936 shares during the quarter. Hancock Holding Co.’s holdings in Emcor Group were worth $3,232,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Adviser Investments LLC bought a new position in Emcor Group in the first quarter worth about $143,000. Reliance Trust Co. of Delaware bought a new position in Emcor Group in the fourth quarter worth about $203,000. Virtu Financial LLC bought a new position in Emcor Group in the fourth quarter worth about $206,000. Premia Global Advisors LLC bought a new position in Emcor Group in the fourth quarter worth about $210,000. Finally, Sciencast Management LP bought a new position in Emcor Group in the fourth quarter worth about $215,000. 93.35% of the stock is owned by institutional investors.

Shares of Emcor Group stock opened at $77.58 on Thursday. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.17 and a beta of 0.94. The company has a quick ratio of 1.41, a current ratio of 1.43 and a debt-to-equity ratio of 0.17. Emcor Group Inc has a one year low of $62.15 and a one year high of $85.08.

Emcor Group (NYSE:EME) last announced its earnings results on Thursday, April 26th. The construction company reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.09. Emcor Group had a net margin of 2.99% and a return on equity of 14.89%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company posted $0.88 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. sell-side analysts anticipate that Emcor Group Inc will post 4.49 EPS for the current year.

A number of brokerages have commented on EME. Zacks Investment Research downgraded shares of Emcor Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 1st. DA Davidson reiterated a “neutral” rating on shares of Emcor Group in a report on Friday, February 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 target price on shares of Emcor Group in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Emcor Group currently has a consensus rating of “Hold” and a consensus target price of $86.00.

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 process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.

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

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