SG Americas Securities LLC Has $6.17 Million Position in Lindsay Co. (NYSE:LNN)

SG Americas Securities LLC grew its holdings in Lindsay Co. (NYSE:LNN - Free Report) by 746.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,138 shares of the industrial products company's stock after buying an additional 45,979 shares during the period. SG Americas Securities LLC owned 0.48% of Lindsay worth $6,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LNN. US Bancorp DE raised its holdings in Lindsay by 45.9% in the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 84 shares during the period. GAMMA Investing LLC increased its stake in shares of Lindsay by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company's stock worth $33,000 after purchasing an additional 131 shares during the period. CWM LLC lifted its holdings in Lindsay by 16.8% during the 3rd quarter. CWM LLC now owns 638 shares of the industrial products company's stock worth $80,000 after purchasing an additional 92 shares during the last quarter. Intech Investment Management LLC bought a new stake in Lindsay in the 2nd quarter valued at $241,000. Finally, Point72 Asset Management L.P. grew its holdings in Lindsay by 1,283.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,767 shares of the industrial products company's stock valued at $340,000 after buying an additional 2,567 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors.

Lindsay Price Performance

Shares of LNN traded down $0.69 during trading hours on Friday, hitting $138.36. 51,240 shares of the company were exchanged, compared to its average volume of 64,870. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. Lindsay Co. has a fifty-two week low of $109.27 and a fifty-two week high of $139.23. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 22.21 and a beta of 0.66. The firm's fifty day moving average is $127.26 and its 200 day moving average is $123.11.

Lindsay (NYSE:LNN - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.18. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The firm had revenue of $166.30 million for the quarter, compared to the consensus estimate of $169.78 million. During the same period in the prior year, the company posted $1.36 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.

Lindsay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, February 14th. Lindsay's payout ratio is presently 23.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LNN shares. Stifel Nicolaus boosted their target price on shares of Lindsay from $126.00 to $130.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. StockNews.com raised shares of Lindsay from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th.

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.