Union Bancaire Privee UBP SA Purchases Shares of 5,653 Lindsay Co. (NYSE:LNN)

Union Bancaire Privee UBP SA bought a new position in shares of Lindsay Co. (NYSE:LNN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. US Bancorp DE raised 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 acquiring an additional 84 shares during the period. GAMMA Investing LLC grew its holdings 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 valued at $33,000 after purchasing an additional 131 shares during the last quarter. CWM LLC raised its position in shares of 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 period. Point72 Asset Management L.P. lifted its holdings in shares of 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 worth $340,000 after purchasing an additional 2,567 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its position in Lindsay by 6.8% during the 3rd quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company's stock valued at $392,000 after purchasing an additional 200 shares during the period. 89.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LNN has been the topic of several analyst reports. StockNews.com raised Lindsay from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Stifel Nicolaus increased their price objective on shares of Lindsay from $126.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th.

Lindsay Stock Performance

Lindsay stock traded down $1.88 during mid-day trading on Friday, hitting $134.33. 71,732 shares of the company's stock traded hands, compared to its average volume of 77,366. 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 one year low of $109.27 and a one year high of $140.26. The firm has a 50 day moving average price of $128.11 and a 200 day moving average price of $123.84. The company has a market cap of $1.46 billion, a PE ratio of 21.56 and a beta of 0.66.

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

Lindsay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, February 14th. Lindsay's dividend payout ratio is presently 23.11%.

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.