LGN $LGN Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of LGN (NASDAQ:LGN) by 285.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 675,000 shares of the company’s stock after purchasing an additional 500,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.64% of LGN worth $29,052,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LGN. Harbor Capital Advisors Inc. purchased a new stake in shares of LGN during the fourth quarter valued at approximately $1,220,000. Assetmark Inc. bought a new stake in shares of LGN in the fourth quarter worth $31,000. Freestone Capital Holdings LLC bought a new stake in shares of LGN in the fourth quarter worth $1,153,000. Capelight Capital Asset Management LP bought a new stake in shares of LGN in the fourth quarter worth $4,089,000. Finally, LBP AM SA bought a new stake in shares of LGN in the fourth quarter worth $2,887,000.

LGN Price Performance

LGN stock opened at $86.73 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a 1-year low of $26.96 and a 1-year high of $107.24. The company’s fifty day simple moving average is $81.18. The company has a market capitalization of $9.37 billion and a price-to-earnings ratio of 377.09.

LGN (NASDAQ:LGN) last released its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). The business had revenue of $1.04 billion for the quarter. The company’s quarterly revenue was up 105.2% on a year-over-year basis. As a group, analysts expect that LGN will post 1.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on LGN. BTIG Research lifted their price target on shares of LGN from $75.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Loop Capital began coverage on shares of LGN in a research note on Wednesday, April 29th. They issued a “buy” rating and a $96.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Royal Bank Of Canada lifted their price target on shares of LGN from $48.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Finally, Glj Research initiated coverage on shares of LGN in a research note on Tuesday, April 21st. They issued a “buy” rating and a $99.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LGN presently has an average rating of “Moderate Buy” and an average price target of $86.40.

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.