Corient Private Wealth LLC Has $1.04 Million Holdings in Lindsay Corporation $LNN

Corient Private Wealth LLC increased its holdings in Lindsay Corporation (NYSE:LNNFree Report) by 106.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,854 shares of the industrial products company’s stock after purchasing an additional 4,573 shares during the period. Corient Private Wealth LLC owned approximately 0.08% of Lindsay worth $1,044,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Lindsay during the 4th quarter valued at about $25,000. Advisory Services Network LLC bought a new stake in Lindsay during the third quarter worth approximately $30,000. Copeland Capital Management LLC bought a new stake in Lindsay during the fourth quarter worth approximately $62,000. Kestra Advisory Services LLC acquired a new position in Lindsay during the fourth quarter valued at approximately $83,000. Finally, Russell Investments Group Ltd. grew its holdings in Lindsay by 2,226.8% during the third quarter. Russell Investments Group Ltd. now owns 954 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 913 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors.

Key Stories Impacting Lindsay

Here are the key news stories impacting Lindsay this week:

Lindsay Stock Performance

Shares of NYSE LNN opened at $120.69 on Friday. The company has a quick ratio of 2.15, a current ratio of 3.02 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $113.23 and its two-hundred day moving average is $119.41. The company has a market cap of $1.26 billion, a P/E ratio of 22.11 and a beta of 0.69. Lindsay Corporation has a 12 month low of $97.27 and a 12 month high of $149.16.

Lindsay (NYSE:LNNGet Free Report) last posted its quarterly earnings data on Thursday, July 2nd. The industrial products company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.39. Lindsay had a return on equity of 11.28% and a net margin of 9.25%.The company had revenue of $160.76 million during the quarter, compared to analysts’ expectations of $157.80 million. During the same period in the prior year, the business earned $1.78 earnings per share. Lindsay’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts expect that Lindsay Corporation will post 5.19 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LNN. Stifel Nicolaus reduced their price objective on shares of Lindsay from $128.00 to $113.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Zacks Research upgraded shares of Lindsay from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Weiss Ratings lowered shares of Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Lindsay currently has an average rating of “Hold” and a consensus target price of $113.00.

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Lindsay Profile

(Free Report)

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.

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Institutional Ownership by Quarter for Lindsay (NYSE:LNN)

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