WINTON GROUP Ltd Has $7.10 Million Holdings in LGN $LGN

WINTON GROUP Ltd grew its stake in shares of LGN (NASDAQ:LGN) by 174.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 83,300 shares of the company’s stock after buying an additional 52,904 shares during the period. WINTON GROUP Ltd’s holdings in LGN were worth $7,100,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV bought a new position in shares of LGN during the 1st quarter worth about $66,000. Aster Capital Management DIFC Ltd acquired a new position in shares of LGN in the 4th quarter worth approximately $64,000. Nykredit A S acquired a new position in LGN in the second quarter worth $128,000. Kestra Advisory Services LLC bought a new stake in LGN during the 4th quarter worth about $91,000. Finally, Avior Wealth Management LLC bought a new stake in shares of LGN during the second quarter valued at approximately $203,000.

LGN Price Performance

Shares of LGN opened at $55.22 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.03. LGN has a twelve month low of $26.96 and a twelve month high of $107.24. The stock has a market capitalization of $5.97 billion and a P/E ratio of 138.05. The company has a 50 day moving average of $64.14 and a 200-day moving average of $69.55.

LGN (NASDAQ:LGN) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.63). LGN had a positive return on equity of 4.33% and a negative net margin of 1.20%.The business had revenue of $1.26 billion during the quarter. As a group, equities research analysts forecast that LGN will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LGN shares. Royal Bank Of Canada decreased their price target on LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. BMO Capital Markets boosted their price target on shares of LGN from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Guggenheim reissued a “buy” rating and set a $115.00 target price on shares of LGN in a research note on Tuesday, August 18th. Tigress Financial lifted their price target on LGN from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings lowered LGN from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.50.

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.