Lindsay Co. (NYSE:LNN) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in Lindsay Co. (NYSE:LNN) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,280 shares of the industrial products company’s stock after buying an additional 1,431 shares during the period. Public Sector Pension Investment Board owned approximately 0.22% of Lindsay worth $2,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNN. Vanguard Group Inc. grew its holdings in shares of Lindsay by 0.3% during the first quarter. Vanguard Group Inc. now owns 1,284,033 shares of the industrial products company’s stock worth $151,079,000 after purchasing an additional 4,214 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Lindsay by 6.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock worth $41,975,000 after buying an additional 21,474 shares during the last quarter. Robeco Schweiz AG increased its position in Lindsay by 2.4% during the fourth quarter. Robeco Schweiz AG now owns 137,884 shares of the industrial products company’s stock worth $17,809,000 after buying an additional 3,187 shares during the period. Stephens Investment Management Group LLC lifted its stake in Lindsay by 7.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 116,812 shares of the industrial products company’s stock valued at $15,087,000 after buying an additional 8,096 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Lindsay in the fourth quarter valued at approximately $10,751,000. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Stock Performance

Shares of Lindsay stock opened at $124.14 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 18.84 and a beta of 0.61. The firm’s fifty day simple moving average is $120.92 and its 200-day simple moving average is $117.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.95 and a quick ratio of 2.56. Lindsay Co. has a 12 month low of $106.46 and a 12 month high of $137.31.

Lindsay (NYSE:LNN) last announced its earnings results on Thursday, June 27th. The industrial products company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.68. Lindsay had a net margin of 11.75% and a return on equity of 14.41%. The business had revenue of $139.20 million during the quarter, compared to the consensus estimate of $144.38 million. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts forecast that Lindsay Co. will post 5.44 earnings per share for the current year.

Insider Buying and Selling at Lindsay

In other Lindsay news, insider James Scott Marion sold 700 shares of Lindsay stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $119.00, for a total value of $83,300.00. Following the transaction, the insider now directly owns 6,278 shares in the company, valued at approximately $747,082. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

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.