LGN $LGN Shares Bought 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% in the 4th quarter, HoldingsChannel.com reports. The fund owned 675,000 shares of the company’s stock after purchasing an additional 500,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in LGN were worth $29,052,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of LGN. Harbor Capital Advisors Inc. acquired a new position in shares of LGN during the fourth quarter valued at $1,220,000. Assetmark Inc. acquired a new position in shares of LGN during the fourth quarter valued at $31,000. Freestone Capital Holdings LLC acquired a new position in shares of LGN during the fourth quarter valued at $1,153,000. Capelight Capital Asset Management LP acquired a new position in shares of LGN during the fourth quarter valued at $4,089,000. Finally, LBP AM SA acquired a new position in shares of LGN during the fourth quarter valued at $2,887,000.

LGN Trading Up 0.8%

Shares of NASDAQ LGN opened at $86.73 on Tuesday. LGN has a twelve month low of $26.96 and a twelve month high of $107.24. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.06. The firm has a market cap of $9.37 billion and a P/E ratio of 377.09. The firm has a 50-day simple moving average of $81.18.

LGN (NASDAQ:LGN) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The business had revenue of $1.04 billion for the quarter. LGN’s revenue for the quarter was up 105.2% compared to the same quarter last year. As a group, research analysts predict that LGN will post 1.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of LGN from $45.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, May 19th. Glj Research assumed coverage on shares of LGN in a report on Tuesday, April 21st. They set a “buy” rating and a $99.00 price target for the company. BMO Capital Markets boosted their price target on shares of LGN from $63.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, May 15th. 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. Finally, Loop Capital began coverage on shares of LGN in a report on Wednesday, April 29th. They issued a “buy” rating and a $96.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.40.

About LGN

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.