Harbor Capital Advisors Inc. Makes New Investment in LGN $LGN

Harbor Capital Advisors Inc. bought a new stake in LGN (NASDAQ:LGN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 28,353 shares of the company’s stock, valued at approximately $1,220,000.

Analyst Ratings Changes

Several brokerages recently weighed in on LGN. BTIG Research upped their price objective on LGN from $45.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, March 27th. Royal Bank Of Canada boosted their target price on LGN from $48.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Zacks Research cut shares of LGN from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Stifel Nicolaus raised their price target on shares of LGN from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Finally, Barclays lifted their price target on shares of LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.25.

LGN Price Performance

Shares of NASDAQ LGN opened at $58.68 on Monday. The firm has a 50 day simple moving average of $52.04. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. LGN has a 1 year low of $26.96 and a 1 year high of $60.50. The company has a market cap of $6.34 billion and a price-to-earnings ratio of -5,868.00.

LGN (NASDAQ:LGN) last posted its earnings results on Friday, March 27th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.60). The business had revenue of $737.64 million for the quarter, compared to analysts’ expectations of $616.05 million. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year.

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.