LGN $LGN Holdings Decreased by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in shares of LGN (NASDAQ:LGN) by 1.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,341,989 shares of the company’s stock after selling 59,413 shares during the quarter. Janus Henderson Group PLC’s holdings in LGN were worth $245,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC acquired a new position in shares of LGN during the 4th quarter worth approximately $1,153,000. Value Aligned Research Advisors LLC raised its position in shares of LGN by 22.4% in the first quarter. Value Aligned Research Advisors LLC now owns 308,141 shares of the company’s stock valued at $17,398,000 after buying an additional 56,460 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in shares of LGN in the fourth quarter valued at approximately $1,722,000. Capelight Capital Asset Management LP bought a new stake in shares of LGN in the fourth quarter valued at approximately $4,089,000. Finally, Renaissance Technologies LLC grew its position in LGN by 87.6% during the first quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $32,730,000 after buying an additional 270,615 shares in the last quarter.

LGN Price Performance

Shares of LGN opened at $59.81 on Friday. The company’s 50 day moving average price is $78.20. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a one year low of $26.96 and a one year high of $107.24. The firm has a market capitalization of $6.46 billion and a P/E ratio of 260.04.

LGN (NASDAQ:LGN) last issued its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share 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. On average, analysts expect that LGN will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on LGN shares. Guggenheim raised their price objective on LGN from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Royal Bank Of Canada cut their target price on LGN from $106.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. The Goldman Sachs Group raised their price target on LGN from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Loop Capital began coverage on LGN in a research note on Wednesday, April 29th. They issued a “buy” rating and a $96.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LGN in a research note 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, LGN presently has an average rating of “Moderate Buy” and a consensus target price of $96.80.

About LGN

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.