Union Bancaire Privee UBP SA Makes New Investment in Lindsay Co. (NYSE:LNN)

Union Bancaire Privee UBP SA acquired a new stake in shares of Lindsay Co. (NYSE:LNN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,653 shares of the industrial products company's stock, valued at approximately $679,000. Union Bancaire Privee UBP SA owned 0.05% of Lindsay at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LNN. Atom Investors LP bought a new stake in Lindsay during the 3rd quarter worth approximately $731,000. Barclays PLC raised its position in shares of Lindsay by 248.8% during the 3rd quarter. Barclays PLC now owns 19,607 shares of the industrial products company's stock valued at $2,446,000 after purchasing an additional 13,986 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Lindsay by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 132,952 shares of the industrial products company's stock valued at $16,571,000 after buying an additional 5,007 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Lindsay during the 3rd quarter valued at $754,000. Finally, KBC Group NV boosted its holdings in Lindsay by 1.6% in the 4th quarter. KBC Group NV now owns 348,514 shares of the industrial products company's stock worth $41,233,000 after buying an additional 5,382 shares during the period. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindsay Price Performance

LNN stock traded down $1.11 during mid-day trading on Friday, hitting $131.76. The company had a trading volume of 90,811 shares, compared to its average volume of 75,513. The company has a 50-day moving average price of $129.24 and a 200 day moving average price of $125.39. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $140.26. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 21.15 and a beta of 0.67. 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 (NYSE:LNN - Get Free Report) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.18. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company had revenue of $166.30 million for the quarter, compared to the consensus estimate of $169.78 million. During the same period in the previous year, the business earned $1.36 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts anticipate that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, February 14th. Lindsay's payout ratio is 23.11%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LNN. Stifel Nicolaus boosted their price objective on Lindsay from $126.00 to $130.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. StockNews.com cut Lindsay from a "buy" rating to a "hold" rating in a report on Monday, February 17th.

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.