Lindsay Corporation $LNN Stake Increased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Lindsay Corporation (NYSE:LNN) by 286.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,888 shares of the industrial products company’s stock after buying an additional 7,327 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Lindsay worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of Lindsay by 13.9% during the 1st quarter. AQR Capital Management LLC now owns 8,043 shares of the industrial products company’s stock valued at $1,018,000 after acquiring an additional 984 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Lindsay by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,455 shares of the industrial products company’s stock valued at $817,000 after purchasing an additional 289 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Lindsay by 13.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 48,560 shares of the industrial products company’s stock worth $6,144,000 after purchasing an additional 5,749 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Lindsay by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,056 shares of the industrial products company’s stock worth $4,941,000 after purchasing an additional 2,811 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Lindsay by 134.4% during the 1st quarter. Jane Street Group LLC now owns 38,720 shares of the industrial products company’s stock valued at $4,899,000 after buying an additional 22,204 shares during the last quarter. 89.94% of the stock is owned by hedge funds and other institutional investors.

Lindsay Stock Performance

Shares of NYSE LNN opened at $125.57 on Friday. Lindsay Corporation has a one year low of $106.10 and a one year high of $150.96. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 18.60 and a beta of 0.80. The company has a current ratio of 3.42, a quick ratio of 2.43 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $121.08 and a 200 day simple moving average of $127.79.

Lindsay (NYSE:LNN) last issued its earnings results on Thursday, January 8th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.08. Lindsay had a return on equity of 14.01% and a net margin of 11.02%.The business had revenue of $155.82 million during the quarter, compared to analysts’ expectations of $166.81 million. During the same period in the prior year, the firm posted $1.57 EPS. Lindsay’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts expect that Lindsay Corporation will post 5.82 EPS for the current year.

Lindsay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. Lindsay’s payout ratio is currently 21.93%.

Wall Street Analysts Forecast Growth

Several analysts have commented on LNN shares. Stifel Nicolaus boosted their target price on shares of Lindsay from $122.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lindsay in a report on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Lindsay from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $128.00.

About Lindsay

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.