LGN $LGN Shares Acquired by Value Aligned Research Advisors LLC

Value Aligned Research Advisors LLC increased its stake in shares of LGN (NASDAQ:LGN) by 124.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 692,150 shares of the company’s stock after purchasing an additional 384,009 shares during the quarter. Value Aligned Research Advisors LLC’s holdings in LGN were worth $58,992,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its position in LGN by 1,073.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 86,713 shares of the company’s stock valued at $3,732,000 after purchasing an additional 79,323 shares in the last quarter. Vanguard Group Inc. grew its position in shares of LGN by 78.1% during the fourth quarter. Vanguard Group Inc. now owns 3,227,670 shares of the company’s stock worth $138,919,000 after buying an additional 1,415,282 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of LGN during the fourth quarter worth approximately $1,722,000. Comerica Bank purchased a new stake in shares of LGN during the fourth quarter worth approximately $192,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in LGN in the fourth quarter valued at approximately $297,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Tigress Financial boosted their price target on shares of LGN from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Royal Bank Of Canada reduced their price objective on shares of LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. BMO Capital Markets lifted their price objective on shares of LGN from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Barclays boosted their target price on shares of LGN from $60.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. Finally, Bank of America raised their price target on LGN from $105.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.50.

LGN Stock Performance

Shares of LGN stock opened at $57.58 on Friday. The firm has a market capitalization of $6.22 billion and a P/E ratio of 143.95. LGN has a 52 week low of $26.96 and a 52 week high of $107.24. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average is $69.36 and its two-hundred day moving average is $69.30.

LGN (NASDAQ:LGN) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). The company had revenue of $1.26 billion for the quarter. LGN had a positive return on equity of 4.33% and a negative net margin of 1.20%. Research analysts forecast that LGN will post 1.36 EPS for the current fiscal year.

LGN Profile

Legence Corp. is a provider of engineering, consulting, installation and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing systems. Legence Corp. is based in SAN JOSE, Calif.