UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.29 Million Stake in Lindsay Co. (NYSE:LNN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Lindsay Co. (NYSE:LNN - Free Report) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,245 shares of the industrial products company's stock after buying an additional 2,413 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.33% of Lindsay worth $4,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raiffeisen Bank International AG bought a new stake in Lindsay in the 4th quarter valued at $2,885,000. Millennium Management LLC increased its position in Lindsay by 80.0% in the 4th quarter. Millennium Management LLC now owns 8,636 shares of the industrial products company's stock valued at $1,022,000 after acquiring an additional 3,838 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Lindsay by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,166 shares of the industrial products company's stock valued at $729,000 after acquiring an additional 259 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in Lindsay in the 4th quarter valued at about $331,000. Finally, Deutsche Bank AG increased its position in Lindsay by 48.5% in the 4th quarter. Deutsche Bank AG now owns 10,572 shares of the industrial products company's stock valued at $1,251,000 after acquiring an additional 3,454 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Stock Down 0.9%

LNN traded down $1.26 during trading on Thursday, reaching $135.31. 69,889 shares of the stock were exchanged, compared to its average volume of 84,793. The stock has a market cap of $1.47 billion, a P/E ratio of 21.72 and a beta of 0.81. Lindsay Co. has a twelve month low of $109.27 and a twelve month high of $144.08. The stock's 50 day moving average price is $131.48 and its two-hundred day moving average price is $130.04. 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 released its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $2.44 EPS for the quarter, beating the consensus estimate of $1.89 by $0.55. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The firm had revenue of $187.10 million for the quarter, compared to the consensus estimate of $174.50 million. During the same period in the previous year, the company earned $1.64 earnings per share. The company's quarterly revenue was up 23.5% on a year-over-year basis. Equities analysts expect that Lindsay Co. will post 5.82 EPS 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 paid a $0.36 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.44 annualized dividend and a dividend yield of 1.06%. Lindsay's dividend payout ratio (DPR) is presently 20.48%.

Wall Street Analyst Weigh In

LNN has been the subject of several analyst reports. Wall Street Zen upgraded shares of Lindsay from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Stifel Nicolaus cut their price target on shares of Lindsay from $134.00 to $128.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th.

Lindsay Company Profile

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.