19,278 Shares in LGN $LGN Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. purchased a new stake in shares of LGN (NASDAQ:LGN) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 19,278 shares of the company’s stock, valued at approximately $1,035,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in LGN in the first quarter worth $66,000. Nykredit A S purchased a new position in LGN during the second quarter valued at $128,000. Avior Wealth Management LLC purchased a new position in LGN during the second quarter valued at $203,000. State of Alaska Department of Revenue purchased a new position in LGN during the third quarter valued at $204,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of LGN during the 1st quarter valued at $228,000.

LGN Price Performance

NASDAQ LGN opened at $44.21 on Tuesday. LGN has a 12 month low of $31.26 and a 12 month high of $107.24. The stock’s fifty day moving average price is $54.87 and its 200-day moving average price is $69.27. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.35 and a quick ratio of 1.35.

LGN (NASDAQ:LGN) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.63). The company had revenue of $1.26 billion for the quarter. LGN had a negative net margin of 1.20% and a positive return on equity of 4.33%. On average, sell-side analysts expect that LGN will post 1.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on LGN. Bank of America upped their target price on shares of LGN from $105.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Royal Bank Of Canada lowered their price target on shares of LGN from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Zacks Research raised shares of LGN from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. BTIG Research reissued a “buy” rating and set a $100.00 price objective (down from $120.00) on shares of LGN in a research note on Friday, August 14th. Finally, Roth Capital restated a “buy” rating and issued a $120.00 price objective on shares of LGN in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.75.

Insider Buying and Selling

In related news, CAO Bris Philippe Le sold 1,058 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $55.01, for a total transaction of $58,200.58. Following the sale, the chief accounting officer directly owned 4,749 shares of the company’s stock, valued at approximately $261,242.49. This represents a 18.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.01% of the company’s stock.

LGN Company Profile

Legence Corp. (NASDAQ: LGN) is an energy-transition solutions provider that helps commercial, industrial and institutional customers improve building performance, reduce energy use and advance decarbonization goals. The company combines technical expertise, project delivery and operational services to address the energy and sustainability needs of complex facilities and infrastructure.

Its services include engineering and design, energy-efficiency improvements, building systems and infrastructure work, renewable-energy and electrification projects, sustainability consulting, and ongoing operations and maintenance.