2,985 Shares in Lindsay Co. (NYSE:LNN) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Lindsay Co. (NYSE:LNN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,985 shares of the industrial products company's stock, valued at approximately $353,000.

Several other hedge funds have also recently bought and sold shares of LNN. Lightrock Netherlands B.V. acquired a new stake in Lindsay in the 4th quarter valued at about $11,396,000. SG Americas Securities LLC grew its stake in shares of Lindsay by 746.5% during the fourth quarter. SG Americas Securities LLC now owns 52,138 shares of the industrial products company's stock valued at $6,168,000 after purchasing an additional 45,979 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Lindsay in the fourth quarter valued at approximately $5,088,000. Wellington Management Group LLP raised its position in Lindsay by 35.4% in the 3rd quarter. Wellington Management Group LLP now owns 138,170 shares of the industrial products company's stock worth $17,222,000 after purchasing an additional 36,128 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in Lindsay by 46.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 74,950 shares of the industrial products company's stock worth $9,342,000 after buying an additional 23,710 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Trading Down 3.4 %

Shares of NYSE:LNN traded down $4.43 during midday trading on Friday, hitting $126.55. The company had a trading volume of 49,919 shares, compared to its average volume of 85,855. The firm has a fifty day simple moving average of $132.00 and a 200 day simple moving average of $126.85. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 20.31 and a beta of 0.70. The company has a current ratio of 3.87, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 12 month low of $109.27 and a 12 month high of $140.27.

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Lindsay (NYSE:LNN - Get Free Report) last issued its earnings results 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. The firm had revenue of $166.30 million for the quarter, compared to analysts' expectations of $169.78 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. On average, analysts predict that Lindsay Co. will post 5.82 EPS for the current year.

Lindsay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, February 14th. Lindsay's dividend payout ratio is currently 23.11%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Lindsay from $126.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, January 8th. StockNews.com upgraded shares of Lindsay from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th.

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.