73,860 Shares in LGN $LGN Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of LGN (NASDAQ:LGN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 73,860 shares of the company’s stock, valued at approximately $3,179,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capelight Capital Asset Management LP bought a new position in LGN during the fourth quarter worth $4,089,000. LBP AM SA bought a new stake in LGN in the 4th quarter valued at $2,887,000. Harbor Capital Advisors Inc. bought a new stake in LGN in the 4th quarter valued at $1,220,000. Freestone Capital Holdings LLC bought a new stake in LGN in the 4th quarter valued at $1,153,000. Finally, Assetmark Inc. bought a new stake in LGN in the 4th quarter valued at $31,000.

LGN Stock Performance

Shares of NASDAQ:LGN opened at $79.28 on Thursday. LGN has a 52 week low of $26.96 and a 52 week high of $79.71. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a fifty day moving average price of $56.45. The firm has a market cap of $8.57 billion and a P/E ratio of -7,928.00.

LGN (NASDAQ:LGN) last issued its earnings results on Friday, March 27th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.60). The firm had revenue of $737.64 million for the quarter, compared to the consensus estimate of $616.05 million. The business’s quarterly revenue was up 34.5% on a year-over-year basis. On average, analysts forecast that LGN will post 1.31 EPS for the current year.

Analyst Ratings Changes

LGN has been the topic of several analyst reports. BTIG Research boosted their price target on shares of LGN from $45.00 to $75.00 and gave the company a “buy” rating in a report on Friday, March 27th. The Goldman Sachs Group boosted their price target on shares of LGN from $63.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Guggenheim boosted their price target on shares of LGN from $53.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Tigress Financial boosted their price target on shares of LGN from $60.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Glj Research initiated coverage on shares of LGN in a report on Tuesday. They issued a “buy” rating and a $99.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, LGN currently has a consensus rating of “Moderate Buy” and an average price target of $70.11.

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.