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

Running Oak Capital LLC raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 19.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Praxis Investment Management Inc. grew its holdings in EMCOR Group by 27.8% during the 1st quarter. Praxis Investment Management Inc. now owns 1,240 shares of the construction company's stock worth $458,000 after acquiring an additional 270 shares in the last quarter. Blue Trust Inc. raised its stake in EMCOR Group by 3.9% in the first quarter. Blue Trust Inc. now owns 1,553 shares of the construction company's stock valued at $574,000 after buying an additional 58 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in EMCOR Group in the first quarter valued at $878,000. Institute for Wealth Management LLC. acquired a new position in shares of EMCOR Group during the 1st quarter worth about $380,000. Finally, State of Alaska Department of Revenue boosted its position in shares of EMCOR Group by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,387 shares of the construction company's stock worth $1,991,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insiders Place Their Bets

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director now directly owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction dated Monday, May 5th. The stock was 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 owns 208,989 shares of the company's stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Stock Performance

Shares of NYSE EME traded down $0.48 during mid-day trading on Wednesday, hitting $500.17. 70,015 shares of the company were exchanged, compared to its average volume of 451,740. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 22.10 and a beta of 1.23. The stock has a 50 day simple moving average of $450.55 and a 200-day simple moving average of $438.52. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The business 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%. The business's revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.17 earnings per share. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

Wall Street Analyst Weigh In

EME has been the topic of a number of research analyst reports. Wall Street Zen cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus decreased their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, UBS Group assumed coverage on EMCOR Group in a report on Friday, June 13th. They issued a "buy" rating and a $570.00 target price for the company. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $509.60.

About EMCOR Group

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.