Universal Beteiligungs und Servicegesellschaft mbH Buys 79,323 Shares of LGN $LGN

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH boosted its LGN stake by 1,073.4% in Q4, buying 79,323 shares to hold 86,713 shares (about 0.08% of the company) valued at $3.732 million.
• Several institutions (Asset Management One, Mirae Asset, LBP AM SA, Capelight, Freestone) opened or increased positions in Q4, and analysts’ consensus is a Moderate Buy with an average price target of $72.70 (ratings: 1 Strong Buy, 8 Buy, 2 Hold, 1 Sell).
• LGN missed quarterly EPS expectations (reported -$0.55 vs. $0.05 est.) but revenue rose 34.5% to $737.6M; the stock trades near $80.74 with a market cap of ~$8.72B and a 52‑week high of $82.74.

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of LGN (NASDAQ:LGN - Free Report) by 1,073.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,713 shares of the company's stock after purchasing an additional 79,323 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of LGN worth $3,732,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. bought a new position in LGN in the 4th quarter worth about $3,681,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of LGN during the 4th quarter valued at about $3,179,000. LBP AM SA bought a new position in shares of LGN during the 4th quarter valued at about $2,887,000. Capelight Capital Asset Management LP bought a new position in shares of LGN during the 4th quarter valued at about $4,089,000. Finally, Freestone Capital Holdings LLC bought a new position in shares of LGN during the 4th quarter valued at about $1,153,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LGN shares. Weiss Ratings started coverage on LGN in a research report on Wednesday, January 14th. They set a "sell (d+)" rating on the stock. Stifel Nicolaus raised 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. Tigress Financial raised their price target on LGN from $60.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Glj Research started coverage on LGN in a research report on Tuesday, April 21st. They set a "buy" rating and a $99.00 price target on the stock. Finally, Barclays raised their price target on LGN from $37.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Friday, January 23rd. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $72.70.

LGN Stock Up 0.2%

LGN opened at $80.74 on Thursday. The stock has a market cap of $8.72 billion and a PE ratio of -8,074.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average price of $59.77. LGN has a 52 week low of $26.96 and a 52 week high of $82.74.

LGN (NASDAQ:LGN - Get Free Report) last released its earnings results on Friday, March 27th. The company reported ($0.55) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.60). The firm had revenue of $737.64 million during the quarter, compared to the consensus estimate of $616.05 million. LGN's revenue was up 34.5% on a year-over-year basis. Equities analysts anticipate that LGN will post 1.31 EPS for the current year.

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.

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