Lindsay Co. (NYSE:LNN) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in Lindsay Co. (NYSE:LNN - Free Report) by 58.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,542 shares of the industrial products company's stock after selling 29,849 shares during the quarter. Jane Street Group LLC owned 0.20% of Lindsay worth $2,685,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE increased its stake in Lindsay by 45.9% during the third quarter. US Bancorp DE now owns 267 shares of the industrial products company's stock worth $33,000 after purchasing an additional 84 shares during the period. CWM LLC grew its holdings in shares of Lindsay by 16.8% in the third quarter. CWM LLC now owns 638 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 92 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Lindsay by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the industrial products company's stock worth $688,000 after buying an additional 100 shares during the period. Quadrature Capital Ltd boosted its position in Lindsay by 6.8% in the 3rd quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company's stock valued at $392,000 after buying an additional 200 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Lindsay by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 10,278 shares of the industrial products company's stock worth $1,263,000 after acquiring an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 89.94% of the company's stock.

Lindsay Stock Down 0.4 %

Shares of Lindsay stock traded down $0.48 during trading hours on Friday, reaching $122.61. 280,856 shares of the company were exchanged, compared to its average volume of 88,396. The firm has a market cap of $1.33 billion, a PE ratio of 20.37 and a beta of 0.64. The stock's fifty day moving average is $125.20 and its 200 day moving average is $121.47. Lindsay Co. has a 1 year low of $109.27 and a 1 year high of $135.20. 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 (NYSE:LNN - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.16. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The company had revenue of $155.00 million for the quarter, compared to analyst estimates of $145.37 million. During the same quarter last year, the company earned $1.74 EPS. Lindsay's revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that Lindsay Co. will post 5.64 earnings per share for the current year.

Lindsay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, November 15th. Lindsay's dividend payout ratio (DPR) is presently 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.