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

Running Oak Capital LLC reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,286 shares of the construction company's stock after selling 1,299 shares during the quarter. EMCOR Group accounts for 2.0% of Running Oak Capital LLC's holdings, making the stock its 4th largest position. Running Oak Capital LLC owned approximately 0.07% of EMCOR Group worth $15,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC purchased a new position in shares of EMCOR Group in the 3rd quarter valued at about $100,282,000. Nordea Investment Management AB boosted its holdings in EMCOR Group by 2,246.2% in the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company's stock worth $65,036,000 after buying an additional 136,501 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in EMCOR Group by 45.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company's stock worth $121,871,000 after buying an additional 88,074 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of EMCOR Group during the third quarter valued at approximately $31,140,000. Finally, Victory Capital Management Inc. lifted its position in shares of EMCOR Group by 91.4% in the third quarter. Victory Capital Management Inc. now owns 124,704 shares of the construction company's stock valued at $53,689,000 after acquiring an additional 59,546 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EME shares. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "buy" rating and a $600.00 price target for the company. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective on the stock. Finally, Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded down $0.16 during trading hours on Friday, hitting $531.64. The company's stock had a trading volume of 285,693 shares, compared to its average volume of 296,658. The firm has a fifty day moving average of $490.19 and a 200-day moving average of $436.48. EMCOR Group, Inc. has a twelve month low of $220.45 and a twelve month high of $545.29. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last released 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same period in the prior year, the firm earned $3.61 earnings per share. The firm's revenue was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group's payout ratio is currently 5.08%.

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.