PNC Financial Services Group Inc. Purchases 10,243 Shares of LGN $LGN

PNC Financial Services Group Inc. lifted its position in LGN (NASDAQ:LGN) by 75.1% during the 1st quarter, HoldingsChannel reports. The firm owned 23,874 shares of the company’s stock after buying an additional 10,243 shares during the period. PNC Financial Services Group Inc.’s holdings in LGN were worth $1,348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LGN. Assetmark Inc. purchased a new position in shares of LGN during the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of LGN during the fourth quarter worth about $64,000. KBC Group NV purchased a new stake in LGN in the 1st quarter worth approximately $66,000. Kestra Advisory Services LLC bought a new stake in LGN in the fourth quarter valued at $91,000. Finally, Clearstead Advisors LLC bought a new position in LGN in the 4th quarter worth $140,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BTIG Research raised their target price on shares of LGN from $75.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Royal Bank Of Canada decreased their price target on shares of LGN from $106.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of LGN in a report on Friday, June 26th. BMO Capital Markets lifted their price objective on LGN from $63.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Barclays upped their target price on LGN from $60.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, LGN currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.80.

LGN Price Performance

LGN stock opened at $59.81 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $6.46 billion and a PE ratio of 260.04. The business has a fifty day simple moving average of $78.20. LGN has a 1-year low of $26.96 and a 1-year high of $107.24.

LGN (NASDAQ:LGN) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.06). The firm had revenue of $1.04 billion for the quarter. The company’s revenue was up 105.2% compared to the same quarter last year. As a group, analysts anticipate that LGN will post 1.24 earnings per share 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.