Atom Investors LP Invests $731,000 in Lindsay Co. (NYSE:LNN)

Atom Investors LP purchased a new position in Lindsay Co. (NYSE:LNN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,863 shares of the industrial products company's stock, valued at approximately $731,000. Atom Investors LP owned about 0.05% of Lindsay at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LNN. KBC Group NV grew its holdings in shares of Lindsay by 32.7% in the third quarter. KBC Group NV now owns 343,132 shares of the industrial products company's stock worth $42,768,000 after purchasing an additional 84,560 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Lindsay in the second quarter worth about $6,402,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 during the period. Dimensional Fund Advisors LP lifted its stake in Lindsay by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company's stock worth $41,975,000 after acquiring an additional 21,474 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in Lindsay in the second quarter worth about $2,111,000. 89.94% of the stock is currently owned by institutional investors.

Lindsay Stock Up 0.9 %

NYSE:LNN traded up $1.18 during mid-day trading on Wednesday, reaching $130.65. The company's stock had a trading volume of 170,926 shares, compared to its average volume of 88,224. Lindsay Co. has a 1 year low of $109.27 and a 1 year high of $135.20. The stock has a fifty day moving average of $123.73 and a 200-day moving average of $120.26. The firm has a market capitalization of $1.42 billion, a PE ratio of 21.51 and a beta of 0.64. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24.

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

Lindsay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, November 15th. Lindsay's payout ratio is currently 23.92%.

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.