Healthcare of Ontario Pension Plan Trust Fund Has $36.98 Million Stock Holdings in LGN $LGN

Healthcare of Ontario Pension Plan Trust Fund lessened its position in LGN (NASDAQ:LGN) by 3.0% during the 1st quarter, Holdings Channel reports. The firm owned 655,000 shares of the company’s stock after selling 20,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in LGN were worth $36,981,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of LGN during the 4th quarter worth about $31,000. KBC Group NV bought a new stake in LGN during the first quarter worth about $66,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of LGN during the fourth quarter worth approximately $64,000. Clearbridge Investments LLC increased its holdings in shares of LGN by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 401,667 shares of the company’s stock worth $17,288,000 after buying an additional 1,667 shares in the last quarter. Finally, Symmetry Investments LP raised its stake in shares of LGN by 21.9% in the fourth quarter. Symmetry Investments LP now owns 9,750 shares of the company’s stock valued at $420,000 after acquiring an additional 1,750 shares during the last quarter.

LGN Price Performance

Shares of LGN stock opened at $70.80 on Monday. The company has a fifty day moving average price of $79.96. 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 $7.65 billion and a price-to-earnings ratio of 307.83. LGN has a 12-month low of $26.96 and a 12-month high of $107.24.

LGN (NASDAQ:LGN) last posted its 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 business had revenue of $1.04 billion during the quarter. The firm’s revenue for the quarter was up 105.2% compared to the same quarter last year. Research analysts expect that LGN will post 1.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

LGN has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on LGN from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada decreased their target price on LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. BTIG Research lifted their price target on LGN from $75.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, May 14th. The Goldman Sachs Group upped their price target on shares of LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of LGN in a research report on Friday, June 26th. 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 given a Sell rating to the stock. Based on data from MarketBeat, LGN presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.80.

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.