Robecosam AG trimmed its stake in Lindsay Co. (NYSE:LNN) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,620 shares of the industrial products company’s stock after selling 660 shares during the period. Robecosam AG owned 0.11% of Lindsay worth $1,027,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Lindsay by 51.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 35,722 shares of the industrial products company’s stock worth $3,151,000 after acquiring an additional 12,059 shares in the last quarter. Deutsche Bank AG raised its position in shares of Lindsay by 97.2% in the 4th quarter. Deutsche Bank AG now owns 88,338 shares of the industrial products company’s stock worth $7,789,000 after acquiring an additional 43,538 shares in the last quarter. Jefferies Group LLC raised its position in shares of Lindsay by 64.2% in the 4th quarter. Jefferies Group LLC now owns 11,588 shares of the industrial products company’s stock worth $1,022,000 after acquiring an additional 4,530 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Lindsay by 31.9% in the 4th quarter. Renaissance Technologies LLC now owns 448,800 shares of the industrial products company’s stock worth $39,584,000 after acquiring an additional 108,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Lindsay by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 91,604 shares of the industrial products company’s stock worth $8,079,000 after acquiring an additional 5,396 shares in the last quarter. 92.02% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP David B. Downing sold 21,816 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $86.11, for a total transaction of $1,878,575.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Nahl sold 7,200 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $86.43, for a total value of $622,296.00. Following the transaction, the director now directly owns 3,687 shares in the company, valued at $318,667.41. The disclosure for this sale can be found here. Insiders have sold a total of 58,281 shares of company stock worth $5,033,499 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.
Lindsay Co. (NYSE LNN) opened at $92.66 on Wednesday. Lindsay Co. has a 1 year low of $79.03 and a 1 year high of $96.22. The stock has a market capitalization of $994.73, a PE ratio of 38.98, a P/E/G ratio of 2.00 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.24 and a current ratio of 3.29.
Lindsay (NYSE:LNN) last announced its earnings results on Thursday, December 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). Lindsay had a net margin of 4.79% and a return on equity of 9.65%. The business had revenue of $124.53 million for the quarter, compared to analyst estimates of $117.11 million. During the same period in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. equities analysts predict that Lindsay Co. will post 3.09 earnings per share for the current fiscal year.
Lindsay Company Profile
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.
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