Quantinno Capital Management LP Has $1.50 Million Holdings in Limbach Holdings, Inc. $LMB

Quantinno Capital Management LP grew its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 482.2% in the 1st quarter, Holdings Channel reports. The fund owned 19,202 shares of the construction company’s stock after purchasing an additional 15,904 shares during the quarter. Quantinno Capital Management LP’s holdings in Limbach were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd raised its stake in Limbach by 23.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 687 shares of the construction company’s stock valued at $53,000 after purchasing an additional 130 shares during the last quarter. Comerica Bank raised its position in shares of Limbach by 24.0% during the first quarter. Comerica Bank now owns 862 shares of the construction company’s stock valued at $64,000 after buying an additional 167 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Limbach in the first quarter valued at about $85,000. State of Wyoming grew its position in Limbach by 131.4% during the first quarter. State of Wyoming now owns 1,444 shares of the construction company’s stock worth $113,000 after buying an additional 820 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Limbach by 34.5% during the fourth quarter. Royal Bank of Canada now owns 1,445 shares of the construction company’s stock valued at $113,000 after acquiring an additional 371 shares during the period. Institutional investors own 55.85% of the company’s stock.

Analyst Ratings Changes

LMB has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on Limbach from $107.00 to $86.00 and set a “buy” rating for the company in a research report on Monday. Zacks Research cut Limbach from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Wall Street Zen lowered Limbach from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Limbach in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $88.00.

Insider Activity at Limbach

In related news, EVP Jay Sharp sold 4,871 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $79.82, for a total transaction of $388,803.22. Following the completion of the transaction, the executive vice president owned 73,456 shares in the company, valued at $5,863,257.92. This trade represents a 6.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is owned by company insiders.

Limbach Stock Performance

NASDAQ:LMB opened at $44.20 on Friday. Limbach Holdings, Inc. has a 12-month low of $44.01 and a 12-month high of $128.57. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $527.31 million, a PE ratio of 17.68 and a beta of 1.45. The firm has a 50-day moving average price of $72.81 and a 200 day moving average price of $80.12.

Limbach (NASDAQ:LMB) last released its quarterly earnings data on Tuesday, August 4th. The construction company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.29). Limbach had a net margin of 4.42% and a return on equity of 23.22%. The company had revenue of $173.46 million for the quarter, compared to analyst estimates of $177.33 million. Research analysts anticipate that Limbach Holdings, Inc. will post 4.17 earnings per share for the current fiscal year.

About Limbach

Limbach Holdings, Inc (NASDAQ: LMB) is a U.S.-based mechanical construction firm specializing in the design, installation and maintenance of heating, ventilation and air conditioning (HVAC) systems, piping, plumbing and sheet metal fabrication. The company delivers comprehensive mechanical solutions to commercial, institutional, health care, education, government and industrial clients, drawing on its in-house engineering, prefabrication and construction management capabilities.

The company’s service offerings encompass full-scope mechanical construction, including energy system design, direct digital controls and building automation, retrofits, testing and balancing, preventive maintenance programs and emergency response services.