WINTON GROUP Ltd Invests $2.08 Million in LGN $LGN

WINTON GROUP Ltd bought a new position in shares of LGN (NASDAQ:LGN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,365 shares of the company’s stock, valued at approximately $2,082,000.

Several other hedge funds have also made changes to their positions in LGN. Westfield Capital Management Co. LP acquired a new stake in shares of LGN during the fourth quarter worth about $69,438,000. Vanguard Group Inc. boosted its stake 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 during the period. Norges Bank acquired a new stake in shares of LGN during the fourth quarter worth about $30,343,000. Royce & Associates LP boosted its stake in shares of LGN by 955.5% during the fourth quarter. Royce & Associates LP now owns 337,875 shares of the company’s stock worth $14,542,000 after buying an additional 305,865 shares during the period. Finally, Summit Creek Advisors LLC acquired a new stake in shares of LGN during the fourth quarter worth about $10,664,000.

LGN Stock Performance

LGN stock opened at $83.69 on Monday. The firm’s 50 day moving average is $77.73. LGN has a 12-month low of $26.96 and a 12-month high of $107.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $9.04 billion and a P/E ratio of 363.87.

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

Analysts Set New Price Targets

LGN has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of LGN from $63.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Loop Capital initiated coverage on shares of LGN in a research note on Wednesday, April 29th. They set a “buy” rating and a $96.00 target price for the company. The Goldman Sachs Group raised their price objective on shares of LGN from $63.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Glj Research initiated coverage on shares of LGN in a research report on Tuesday, April 21st. They issued a “buy” rating and a $99.00 price objective for the company. Finally, BTIG Research raised their price objective on shares of LGN from $75.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.