SG Americas Securities LLC Buys 45,979 Shares of Lindsay Co. (NYSE:LNN)

SG Americas Securities LLC increased its stake in Lindsay Co. (NYSE:LNN) by 746.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,138 shares of the industrial products company’s stock after buying an additional 45,979 shares during the quarter. SG Americas Securities LLC’s holdings in Lindsay were worth $6,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KBC Group NV raised its holdings in Lindsay by 32.7% in the third quarter. KBC Group NV now owns 343,132 shares of the industrial products company’s stock worth $42,768,000 after buying an additional 84,560 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Lindsay during the second quarter valued at approximately $6,402,000. Wellington Management Group LLP raised its holdings in Lindsay by 35.4% in the 3rd quarter. Wellington Management Group LLP now owns 138,170 shares of the industrial products company’s stock worth $17,222,000 after acquiring an additional 36,128 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Lindsay by 46.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 74,950 shares of the industrial products company’s stock valued at $9,342,000 after acquiring an additional 23,710 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Lindsay by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock worth $41,975,000 after purchasing an additional 21,474 shares in the last quarter. Institutional investors own 89.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com raised Lindsay from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Stifel Nicolaus upped their target price on shares of Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th.

Lindsay Price Performance

Shares of LNN opened at $138.36 on Friday. The firm has a fifty day simple moving average of $127.26 and a two-hundred day simple moving average of $123.11. The firm has a market cap of $1.50 billion, a PE ratio of 22.21 and a beta of 0.66. The company has a current ratio of 3.87, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $139.23.

Lindsay (NYSE:LNN) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.18. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company had revenue of $166.30 million for the quarter, compared to the consensus estimate of $169.78 million. During the same quarter in the prior year, the company earned $1.36 earnings per share. Lindsay’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Lindsay Co. will post 5.82 EPS for the current year.

Lindsay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a yield of 1.04%. Lindsay’s dividend payout ratio is currently 23.11%.

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.