GSA Capital Partners LLP Makes New $754,000 Investment in Lindsay Co. (NYSE:LNN)

GSA Capital Partners LLP acquired a new stake in shares of Lindsay Co. (NYSE:LNN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,052 shares of the industrial products company's stock, valued at approximately $754,000. GSA Capital Partners LLP owned 0.06% of Lindsay as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. bought a new position in shares of Lindsay in the second quarter worth approximately $6,402,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Lindsay by 868.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,033 shares of the industrial products company's stock worth $2,953,000 after acquiring an additional 21,551 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lindsay by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company's stock valued at $41,975,000 after purchasing an additional 21,474 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Lindsay during the second quarter valued at approximately $2,111,000. Finally, Squarepoint Ops LLC increased its holdings in shares of Lindsay by 90.9% in the 2nd quarter. Squarepoint Ops LLC now owns 28,388 shares of the industrial products company's stock worth $3,488,000 after purchasing an additional 13,519 shares in the last quarter. Institutional investors own 89.94% of the company's stock.

Lindsay Stock Performance

Shares of NYSE:LNN traded up $1.53 during midday trading on Monday, reaching $124.77. 68,464 shares of the company's stock traded hands, compared to its average volume of 88,551. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.92. Lindsay Co. has a one year low of $109.27 and a one year high of $135.05. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 20.73 and a beta of 0.61. The stock has a 50 day moving average of $121.72 and a 200 day moving average of $119.33.

Lindsay (NYSE:LNN - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.16. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The firm had revenue of $155.00 million for the quarter, compared to analysts' expectations of $145.37 million. During the same period in the prior year, the firm earned $1.74 EPS. The company's revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Lindsay Co. will post 5.66 EPS for the current fiscal year.

Lindsay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.15%. Lindsay's dividend payout ratio is currently 23.92%.

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.