Lightrock Netherlands B.V. Takes $11.40 Million Position in Lindsay Co. (NYSE:LNN)

Lightrock Netherlands B.V. purchased a new position in shares of Lindsay Co. (NYSE:LNN) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 95,849 shares of the industrial products company’s stock, valued at approximately $11,396,000. Lindsay accounts for about 4.0% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 6th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its stake 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 worth $33,000 after purchasing an additional 84 shares during the period. CWM LLC grew its position in Lindsay by 16.8% during the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock valued at $80,000 after buying an additional 92 shares during the period. GAMMA Investing LLC increased its holdings 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 buying an additional 131 shares during the last quarter. Quadrature Capital Ltd raised its position in Lindsay by 6.8% in the third quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 200 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Lindsay by 8.3% in the third quarter. BNP Paribas Financial Markets now owns 5,026 shares of the industrial products company’s stock valued at $626,000 after acquiring an additional 384 shares during the last quarter. 89.94% of the stock is owned by institutional investors.

Lindsay Price Performance

Shares of NYSE:LNN opened at $129.70 on Tuesday. The firm has a market capitalization of $1.41 billion, a PE ratio of 20.82 and a beta of 0.67. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $127.97 and a two-hundred day moving average price of $124.30. Lindsay Co. has a twelve month low of $109.27 and a twelve month high of $140.26.

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

Lindsay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid 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 dividend yield of 1.11%. Lindsay’s payout ratio is 23.11%.

Analyst Upgrades and Downgrades

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

About Lindsay

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.