Jane Street Group LLC Has $2.69 Million Holdings in Lindsay Co. (NYSE:LNN)

Jane Street Group LLC decreased its position in Lindsay Co. (NYSE:LNN) by 58.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,542 shares of the industrial products company’s stock after selling 29,849 shares during the period. Jane Street Group LLC owned about 0.20% of Lindsay worth $2,685,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Atom Investors LP purchased a new position in shares of Lindsay during the third quarter valued at $731,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Lindsay in the second quarter worth approximately $1,327,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Lindsay during the second quarter worth approximately $6,402,000. Victory Capital Management Inc. grew its position in Lindsay by 139.4% during the second quarter. Victory Capital Management Inc. now owns 11,768 shares of the industrial products company’s stock valued at $1,446,000 after purchasing an additional 6,853 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Lindsay in the 2nd quarter valued at approximately $2,111,000. 89.94% of the stock is owned by institutional investors and hedge funds.

Lindsay Trading Down 0.4 %

Shares of NYSE:LNN opened at $122.61 on Friday. Lindsay Co. has a 12-month low of $109.27 and a 12-month high of $135.20. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.33 billion, a P/E ratio of 20.37 and a beta of 0.64. The firm has a fifty day moving average of $125.20 and a two-hundred day moving average of $121.42.

Lindsay (NYSE:LNN) last issued its earnings results on Thursday, October 24th. The industrial products company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The firm had revenue of $155.00 million for the quarter, compared to the consensus estimate of $145.37 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share. On average, equities analysts expect that Lindsay Co. will post 5.64 EPS for the current fiscal year.

Lindsay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, November 15th. Lindsay’s dividend payout ratio (DPR) is presently 23.92%.

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.