Lindsay Co. (NYSE:LNN) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Lindsay Co. (NYSE:LNN) by 171.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,159 shares of the industrial products company’s stock after purchasing an additional 3,888 shares during the quarter. SG Americas Securities LLC owned 0.06% of Lindsay worth $768,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LNN. Deprince Race & Zollo Inc. acquired a new position in Lindsay in the 2nd quarter worth about $6,402,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Lindsay by 868.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,033 shares of the industrial products company’s stock valued at $2,953,000 after acquiring an additional 21,551 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Lindsay by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock valued at $41,975,000 after acquiring an additional 21,474 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Lindsay by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 1,279,819 shares of the industrial products company’s stock valued at $165,301,000 after acquiring an additional 17,261 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in shares of Lindsay during the second quarter valued at approximately $2,111,000. Institutional investors and hedge funds own 89.94% of the company’s stock.

Insider Activity

In other news, insider James Scott Marion sold 700 shares of the company’s 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 completion of the sale, the insider now directly owns 6,278 shares in the company, valued at $747,082. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Lindsay Price Performance

LNN stock opened at $122.12 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.95 and a quick ratio of 2.56. The business has a 50 day simple moving average of $120.88 and a 200-day simple moving average of $118.42. The firm has a market capitalization of $1.33 billion, a PE ratio of 18.53 and a beta of 0.61. Lindsay Co. has a 1 year low of $106.46 and a 1 year high of $137.31.

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.