LGN (NASDAQ:LGN) CAO Bris Philippe Le Sells 1,058 Shares of Stock

LGN (NASDAQ:LGN) CAO Bris Philippe Le sold 1,058 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $55.01, for a total value of $58,200.58. Following the transaction, the chief accounting officer directly owned 4,749 shares in the company, valued at $261,242.49. This trade represents a 18.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bris Philippe Le also recently made the following trade(s):

• On Tuesday, September 15th, Bris Philippe Le sold 4,196 shares of LGN stock. The shares were sold at an average price of $54.06, for a total value of $226,835.76.

LGN Stock Down 0.6%

Shares of NASDAQ:LGN traded down $0.34 during midday trading on Tuesday, hitting $54.25. The stock had a trading volume of 754,932 shares, compared to its average volume of 1,395,391. LGN has a 12 month low of $29.00 and a 12 month high of $107.24. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.03. The business’s 50-day simple moving average is $61.09 and its 200-day simple moving average is $69.49. The company has a market cap of $5.86 billion and a P/E ratio of 135.62.

LGN (NASDAQ:LGN) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.26 billion for the quarter. On average, sell-side analysts forecast that LGN will post 1.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LGN

Large investors have recently made changes to their positions in the company. WINTON GROUP Ltd grew its holdings in LGN by 174.0% in the 2nd quarter. WINTON GROUP Ltd now owns 83,300 shares of the company’s stock valued at $7,100,000 after buying an additional 52,904 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of LGN during the second quarter worth $1,073,000. Arizona State Retirement System lifted its holdings in shares of LGN by 34.1% during the second quarter. Arizona State Retirement System now owns 14,847 shares of the company’s stock worth $1,265,000 after buying an additional 3,774 shares in the last quarter. Nykredit A S bought a new stake in shares of LGN in the second quarter valued at about $128,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of LGN in the second quarter valued at about $1,568,000.

Analyst Ratings Changes

A number of brokerages have weighed in on LGN. Royal Bank Of Canada lowered their price target on LGN from $106.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of LGN in a research report on Tuesday, August 18th. BTIG Research reiterated a “buy” rating and set a $100.00 target price (down from $120.00) on shares of LGN in a research note on Friday, August 14th. Bank of America boosted their target price on LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Zacks Research upgraded LGN from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.50.

LGN Company Profile

Legence Corporation (NASDAQ:LGN) is an energy-transition and building-solutions company that helps commercial, industrial, institutional and infrastructure customers improve energy efficiency, reduce emissions and manage complex facility requirements. The company delivers integrated services intended to support decarbonization, electrification and broader sustainability initiatives.

Its capabilities include engineering, construction, operation and maintenance of building and energy systems.