Running Oak Capital LLC Has $15.56 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Running Oak Capital LLC lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 34,286 shares of the construction company’s stock after selling 1,299 shares during the period. EMCOR Group comprises approximately 2.0% of Running Oak Capital LLC’s holdings, making the stock its 4th largest holding. Running Oak Capital LLC’s holdings in EMCOR Group were worth $15,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EME. Koshinski Asset Management Inc. raised its stake in shares of EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $298,000 after purchasing an additional 26 shares during the period. Cumberland Partners Ltd raised its position in EMCOR Group by 60.0% in the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after buying an additional 1,500 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in EMCOR Group by 3,510.5% in the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock valued at $311,000 after acquiring an additional 667 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after acquiring an additional 34,553 shares during the last quarter. Finally, Independent Advisor Alliance grew its stake in shares of EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after acquiring an additional 1,049 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Price Performance

Shares of EME opened at $531.64 on Friday. The company has a market cap of $24.46 billion, a PE ratio of 27.00 and a beta of 1.12. The firm has a 50-day moving average of $490.19 and a 200-day moving average of $436.48. EMCOR Group, Inc. has a one year low of $220.45 and a one year high of $545.29.

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

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. Stifel Nicolaus began coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Finally, StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average 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.