Union Bancaire Privee UBP SA Takes $679,000 Position in Lindsay Co. (NYSE:LNN)

Union Bancaire Privee UBP SA purchased a new stake in shares of Lindsay Co. (NYSE:LNN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,653 shares of the industrial products company’s stock, valued at approximately $679,000.

Several other hedge funds also recently modified their holdings of LNN. Atom Investors LP acquired a new position in shares of Lindsay in the 3rd quarter worth $731,000. Barclays PLC grew its holdings in shares of Lindsay by 248.8% in the 3rd quarter. Barclays PLC now owns 19,607 shares of the industrial products company’s stock worth $2,446,000 after acquiring an additional 13,986 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Lindsay by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 132,952 shares of the industrial products company’s stock worth $16,571,000 after acquiring an additional 5,007 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Lindsay in the 3rd quarter worth $754,000. Finally, GAMMA Investing LLC grew its holdings in shares of Lindsay by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 131 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com upgraded 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 stock a “hold” rating in a research report on Wednesday, January 8th.

Lindsay Stock Performance

Shares of Lindsay stock opened at $136.85 on Wednesday. The stock has a market cap of $1.49 billion, a PE ratio of 21.97 and a beta of 0.66. The business has a fifty day simple moving average of $127.77 and a 200-day simple moving average of $123.58. 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 $140.27.

Lindsay (NYSE:LNN) last released 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 return on equity of 13.17% and a net margin of 11.18%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 earnings per share. On average, sell-side analysts anticipate that Lindsay Co. will post 5.82 EPS for the current fiscal year.

Lindsay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. Lindsay’s payout ratio is 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.