Lindsay Co. (NYSE:LNN) Stake Lessened by Squarepoint Ops LLC

Squarepoint Ops LLC cut its position in shares of Lindsay Co. (NYSE:LNN - Free Report) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,592 shares of the industrial products company's stock after selling 4,421 shares during the quarter. Squarepoint Ops LLC owned about 0.07% of Lindsay worth $898,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. AlphaQuest LLC purchased a new stake in shares of Lindsay during the 4th quarter worth about $32,000. Global Retirement Partners LLC grew its stake in Lindsay by 10.3% during the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company's stock worth $109,000 after buying an additional 86 shares during the period. Van ECK Associates Corp increased its position in shares of Lindsay by 73.1% in the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company's stock worth $175,000 after acquiring an additional 623 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Lindsay by 729.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,709 shares of the industrial products company's stock valued at $202,000 after acquiring an additional 1,503 shares during the period. Finally, Gitterman Wealth Management LLC lifted its holdings in shares of Lindsay by 6.1% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company's stock valued at $207,000 after acquiring an additional 101 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindsay Stock Down 0.3%

Shares of LNN stock traded down $0.45 on Tuesday, hitting $139.35. The stock had a trading volume of 115,637 shares, compared to its average volume of 85,076. The stock's 50 day moving average is $131.11 and its 200-day moving average is $129.93. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 22.37 and a beta of 0.81. Lindsay Co. has a 52-week low of $109.27 and a 52-week high of $143.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.87.

Lindsay (NYSE:LNN - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.55. The firm had revenue of $187.10 million for the quarter, compared to analyst estimates of $174.50 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The firm's revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.64 EPS. As a group, research analysts expect that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, May 16th. Lindsay's dividend payout ratio is currently 20.48%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen upgraded Lindsay from a "hold" rating to a "buy" rating in a report on Friday, April 11th. Stifel Nicolaus decreased their target price on Lindsay from $134.00 to $128.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th.

About Lindsay

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.