Running Oak Capital LLC Grows Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Running Oak Capital LLC lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 19.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,044 shares of the construction company’s stock after purchasing an additional 6,758 shares during the period. Running Oak Capital LLC owned about 0.09% of EMCOR Group worth $15,171,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EME. Norges Bank purchased a new stake in shares of EMCOR Group during the 4th quarter worth $299,855,000. GAMMA Investing LLC raised its stake in EMCOR Group by 49,775.5% during the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company’s stock worth $138,266,000 after acquiring an additional 373,316 shares in the last quarter. Invesco Ltd. raised its stake in EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company’s stock worth $598,465,000 after acquiring an additional 288,765 shares in the last quarter. Ameriprise Financial Inc. raised its stake in EMCOR Group by 94.2% during the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company’s stock worth $139,349,000 after acquiring an additional 148,915 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company’s stock worth $225,332,000 after acquiring an additional 129,186 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 7,000 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the transaction, the chief executive officer now directly owns 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin A. Walker-Lee sold 947 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now owns 7,094 shares in the company, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

EMCOR Group Trading Down 0.0%

NYSE EME opened at $485.19 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The firm has a market cap of $21.72 billion, a PE ratio of 21.44 and a beta of 1.23. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The firm’s fifty day moving average is $446.14 and its two-hundred day moving average is $438.70.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. EMCOR Group’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.17 earnings per share. Analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. EMCOR Group’s dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. UBS Group assumed coverage on shares of EMCOR Group in a research note on Friday, June 13th. They set a “buy” rating and a $570.00 price target on the stock. Finally, Wall Street Zen lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.60.

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.