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

Quantinno Capital Management LP grew its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 482.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,202 shares of the construction company’s stock after purchasing an additional 15,904 shares during the period. Quantinno Capital Management LP owned about 0.16% of Limbach worth $1,499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Limbach by 2,041.6% during the 2nd quarter. Invesco Ltd. now owns 400,603 shares of the construction company’s stock valued at $56,124,000 after buying an additional 381,897 shares during the last quarter. Wasatch Advisors LP raised its position in Limbach by 37.8% during the fourth quarter. Wasatch Advisors LP now owns 997,394 shares of the construction company’s stock valued at $77,647,000 after acquiring an additional 273,818 shares in the last quarter. Neumeier Poma Investment Counsel LLC raised its position in Limbach by 151.5% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 318,238 shares of the construction company’s stock valued at $24,775,000 after acquiring an additional 191,685 shares in the last quarter. Royce & Associates LP lifted its stake in Limbach by 83.7% in the fourth quarter. Royce & Associates LP now owns 335,663 shares of the construction company’s stock valued at $26,131,000 after acquiring an additional 152,956 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Limbach by 36.0% in the fourth quarter. First Trust Advisors LP now owns 442,173 shares of the construction company’s stock valued at $34,423,000 after acquiring an additional 117,035 shares during the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Limbach news, EVP Jay Sharp sold 4,871 shares of the business’s stock in a transaction on Monday, June 15th. The shares were 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 of the company’s stock, valued at $5,863,257.92. The trade was a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.00% of the stock is currently owned by corporate insiders.

Limbach Trading Down 1.7%

Shares of LMB stock 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 market cap of $527.31 million, a PE ratio of 17.68 and a beta of 1.45. 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 business’s 50 day moving average is $72.81 and its two-hundred day moving average is $80.12.

Limbach (NASDAQ:LMB) last issued 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 return on equity of 23.22% and a net margin of 4.42%.The firm had revenue of $173.46 million during the quarter, compared to analyst estimates of $177.33 million. Equities analysts predict that Limbach Holdings, Inc. will post 4.17 EPS for the current year.

Analyst Upgrades and Downgrades

LMB has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of Limbach from $107.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Limbach in a report on Wednesday, August 5th. Zacks Research downgraded shares of Limbach from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Wall Street Zen lowered Limbach from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $88.00.

Limbach Profile

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.