Lindsay's (LNN) "Hold (C+)" Rating Reiterated at Weiss Ratings

Key Points

• Lindsay's stock has received a reiterated rating of "Hold (C+)" from Weiss Ratings, with a consensus price target of $136.00.
• Director Robert E. Brunner sold 1,856 shares of Lindsay for approximately $263,700, resulting in a significant decrease in his ownership.
• Institutional investors increased their stakes in Lindsay, with GAMMA Investing LLC raising its stake by 55.8% during the first quarter.

Lindsay (NYSE:LNN - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Stifel Nicolaus boosted their price target on shares of Lindsay from $128.00 to $136.00 and gave the stock a "hold" rating in a research report on Friday, June 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $136.00.

Lindsay Stock Performance

LNN opened at $139.79 on Wednesday. The firm has a market capitalization of $1.52 billion, a PE ratio of 20.08 and a beta of 0.82. Lindsay has a twelve month low of $112.14 and a twelve month high of $150.96. The firm's 50-day moving average price is $138.97 and its 200 day moving average price is $136.04. The company has a current ratio of 3.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In other Lindsay news, Director Robert E. Brunner sold 1,856 shares of Lindsay stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $142.08, for a total transaction of $263,700.48. Following the transaction, the director directly owned 3,274 shares of the company's stock, valued at $465,169.92. The trade was a 36.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lindsay

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Lindsay by 55.8% in the 1st quarter. GAMMA Investing LLC now owns 430 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 154 shares during the period. Union Bancaire Privee UBP SA raised its stake in shares of Lindsay by 4.7% in the 1st quarter. Union Bancaire Privee UBP SA now owns 5,918 shares of the industrial products company's stock valued at $775,000 after acquiring an additional 265 shares during the period. Cardinal Capital Management raised its stake in shares of Lindsay by 3.7% in the 1st quarter. Cardinal Capital Management now owns 16,755 shares of the industrial products company's stock valued at $2,120,000 after acquiring an additional 596 shares during the period. KBC Group NV raised its stake in shares of Lindsay by 1.4% in the 1st quarter. KBC Group NV now owns 353,238 shares of the industrial products company's stock valued at $44,692,000 after acquiring an additional 4,724 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Lindsay by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 55,251 shares of the industrial products company's stock valued at $6,990,000 after acquiring an additional 1,423 shares during the period. 89.94% of the stock is owned by hedge funds and other institutional investors.

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.

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