UBS Group AG Has $4.74 Million Position in Limbach Holdings, Inc. $LMB

UBS Group AG grew its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,874 shares of the construction company’s stock after acquiring an additional 11,644 shares during the period. UBS Group AG’s holdings in Limbach were worth $4,739,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Comerica Bank grew its holdings in Limbach by 24.0% during the 1st quarter. Comerica Bank now owns 862 shares of the construction company’s stock worth $64,000 after acquiring an additional 167 shares during the period. Caxton Associates LLP grew its holdings in Limbach by 4.9% during the 3rd quarter. Caxton Associates LLP now owns 3,624 shares of the construction company’s stock worth $352,000 after acquiring an additional 168 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Limbach by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,835 shares of the construction company’s stock worth $537,000 after acquiring an additional 204 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Limbach by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,059 shares of the construction company’s stock worth $451,000 after acquiring an additional 241 shares during the period. Finally, Isthmus Partners LLC grew its holdings in Limbach by 0.7% during the 3rd quarter. Isthmus Partners LLC now owns 34,571 shares of the construction company’s stock worth $3,358,000 after acquiring an additional 251 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Limbach

In other Limbach news, EVP Jay Sharp sold 2,000 shares of Limbach stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $79.99, for a total transaction of $159,980.00. Following the completion of the transaction, the executive vice president owned 79,027 shares in the company, valued at approximately $6,321,369.73. The trade was a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jayme L. Brooks sold 9,910 shares of Limbach stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $78.56, for a total value of $778,529.60. Following the transaction, the chief financial officer owned 140,750 shares of the company’s stock, valued at $11,057,320. This trade represents a 6.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,433 shares of company stock valued at $2,345,453 in the last quarter. Company insiders own 9.70% of the company’s stock.

Limbach Price Performance

LMB stock opened at $71.48 on Friday. The company has a market capitalization of $852.04 million, a P/E ratio of 25.99 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. Limbach Holdings, Inc. has a 52-week low of $65.08 and a 52-week high of $154.05. The business has a 50-day simple moving average of $82.60 and a two-hundred day simple moving average of $81.74.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.43. The business had revenue of $138.86 million during the quarter, compared to the consensus estimate of $134.23 million. Limbach had a return on equity of 26.17% and a net margin of 5.09%.The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. Research analysts expect that Limbach Holdings, Inc. will post 4.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LMB. Weiss Ratings downgraded Limbach from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Wall Street Zen cut shares of Limbach from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus cut their price objective on shares of Limbach from $111.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Limbach from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.67.

Limbach Company 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.