Rockefeller Capital Management L.P. Buys New Position in LGN $LGN

Rockefeller Capital Management L.P. bought a new stake in shares of LGN (NASDAQ:LGN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 59,462 shares of the company’s stock, valued at approximately $2,559,000.

Several other institutional investors have also added to or reduced their stakes in LGN. Assetmark Inc. purchased a new position in shares of LGN during the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of LGN during the 4th quarter valued at $64,000. Clearbridge Investments LLC increased its stake in shares of LGN by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 401,667 shares of the company’s stock worth $17,288,000 after purchasing an additional 1,667 shares in the last quarter. Symmetry Investments LP increased its stake in shares of LGN by 21.9% in the 4th quarter. Symmetry Investments LP now owns 9,750 shares of the company’s stock worth $420,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in LGN in the 4th quarter worth $91,000.

LGN Stock Up 0.1%

NASDAQ LGN opened at $80.60 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.30. LGN has a twelve month low of $26.96 and a twelve month high of $107.24. The stock has a 50-day simple moving average of $85.45. The company has a market capitalization of $8.71 billion and a price-to-earnings ratio of 350.43.

LGN (NASDAQ:LGN) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The company had revenue of $1.04 billion during the quarter. The firm’s revenue was up 105.2% compared to the same quarter last year. Research analysts expect that LGN will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LGN. BMO Capital Markets lifted their target price on LGN from $63.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. The Goldman Sachs Group boosted their price objective on LGN from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Barclays raised 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. Royal Bank Of Canada lifted their price target on shares of LGN from $48.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, March 30th. Finally, Stifel Nicolaus upped their price target on shares of LGN from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. One 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 assigned 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 $88.40.

LGN Company 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.