Tudor Investment Corp ET AL Reduces Holdings in Lindsay Co. (NYSE:LNN)

Tudor Investment Corp ET AL trimmed its holdings in Lindsay Co. (NYSE:LNN - Free Report) by 48.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,836 shares of the industrial products company's stock after selling 9,366 shares during the period. Tudor Investment Corp ET AL owned approximately 0.09% of Lindsay worth $1,164,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. AlphaQuest LLC acquired a new position in Lindsay during the fourth quarter worth $32,000. GAMMA Investing LLC lifted its stake in Lindsay by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company's stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Global Retirement Partners LLC lifted 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 purchasing an additional 86 shares in the last quarter. Van ECK Associates Corp lifted its stake in Lindsay by 73.1% during the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company's stock worth $175,000 after purchasing an additional 623 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Lindsay by 729.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,709 shares of the industrial products company's stock worth $202,000 after purchasing an additional 1,503 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindsay Stock Up 0.7%

Shares of NYSE LNN traded up $0.92 during mid-day trading on Friday, hitting $134.28. The company had a trading volume of 79,214 shares, compared to its average volume of 85,449. The company has a market capitalization of $1.46 billion, a PE ratio of 21.55 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $140.27. The business's 50-day simple moving average is $127.84 and its 200 day simple moving average is $128.11.

Lindsay (NYSE:LNN - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.55. The business had revenue of $187.10 million for the quarter, compared to analysts' expectations of $174.50 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the firm earned $1.64 earnings per share. On average, analysts predict that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, May 16th. Lindsay's payout ratio is currently 20.48%.

Wall Street Analyst Weigh In

A number of research analysts have commented on LNN shares. Stifel Nicolaus decreased their price target on Lindsay from $134.00 to $128.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. StockNews.com upgraded Lindsay from a "hold" rating to a "buy" rating in a research note on Friday, April 11th.

Lindsay 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.