Lightrock Netherlands B.V. Buys Shares of 95,849 Lindsay Co. (NYSE:LNN)

Lightrock Netherlands B.V. purchased a new position in shares of Lindsay Co. (NYSE:LNN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 95,849 shares of the industrial products company’s stock, valued at approximately $11,396,000. Lindsay comprises 4.0% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 6th biggest holding. Lightrock Netherlands B.V. owned about 0.88% of Lindsay as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC grew its stake in Lindsay by 16.8% during the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 92 shares during the period. Inspire Investing LLC boosted its holdings in shares of Lindsay by 18.4% during the 3rd quarter. Inspire Investing LLC now owns 3,374 shares of the industrial products company’s stock worth $421,000 after buying an additional 525 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Lindsay by 222.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,669 shares of the industrial products company’s stock worth $1,205,000 after buying an additional 6,672 shares during the period. Cardinal Capital Management increased its stake in shares of Lindsay by 12.0% in the 3rd quarter. Cardinal Capital Management now owns 15,683 shares of the industrial products company’s stock valued at $1,955,000 after acquiring an additional 1,684 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Lindsay by 45.9% during the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

Lindsay Price Performance

Shares of LNN opened at $129.70 on Tuesday. The stock has a market cap of $1.41 billion, a P/E ratio of 20.82 and a beta of 0.67. The business’s fifty day moving average is $127.97 and its 200 day moving average is $124.30. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $140.26.

Lindsay (NYSE:LNN) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.18. The firm had revenue of $166.30 million during the quarter, compared to analysts’ expectations of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. Sell-side analysts anticipate that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The business also recently disclosed 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. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, February 14th. Lindsay’s dividend payout ratio is currently 23.11%.

Analyst Upgrades and Downgrades

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

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.