Lindsay Co. (NYSE:LNN) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. cut its stake in Lindsay Co. (NYSE:LNN) by 57.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 356 shares of the industrial products company’s stock after selling 490 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Lindsay were worth $44,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNN. Intrinsic Edge Capital Management LLC acquired a new position in Lindsay during the fourth quarter worth $1,597,000. Heartland Advisors Inc. raised its stake in Lindsay by 26.8% in the 1st quarter. Heartland Advisors Inc. now owns 53,003 shares of the industrial products company’s stock valued at $6,236,000 after purchasing an additional 11,207 shares during the last quarter. Vanguard Group Inc. boosted its position in Lindsay by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,279,819 shares of the industrial products company’s stock worth $165,301,000 after acquiring an additional 17,261 shares during the last quarter. Norges Bank purchased a new stake in shares of Lindsay during the 4th quarter valued at $10,751,000. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Lindsay in the second quarter worth $1,327,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Insider Buying and Selling at Lindsay

In other Lindsay news, insider James Scott Marion sold 700 shares of the stock in a transaction 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 sale, the insider now directly owns 6,278 shares of the company’s stock, valued at $747,082. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.

Lindsay Trading Up 0.4 %

LNN opened at $124.64 on Tuesday. Lindsay Co. has a 52-week low of $106.46 and a 52-week high of $137.31. The firm has a market capitalization of $1.36 billion, a P/E ratio of 18.91 and a beta of 0.61. The company has a quick ratio of 2.56, a current ratio of 3.95 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $121.00 and its 200-day moving average is $117.94.

Lindsay 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.