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

Public Sector Pension Investment Board increased its holdings in shares of Lindsay Co. (NYSE:LNN) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,280 shares of the industrial products company’s stock after acquiring an additional 1,431 shares during the period. Public Sector Pension Investment Board’s holdings in Lindsay were worth $2,984,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Lindsay during the 4th quarter valued at approximately $1,597,000. Heartland Advisors Inc. raised its holdings in Lindsay by 26.8% during the first quarter. Heartland Advisors Inc. now owns 53,003 shares of the industrial products company’s stock worth $6,236,000 after purchasing an additional 11,207 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 purchasing an additional 17,261 shares during the last quarter. Norges Bank purchased a new stake in Lindsay during the fourth quarter worth $10,751,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Lindsay in the fourth quarter valued at $358,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Insider Buying and Selling

In other Lindsay news, insider James Scott Marion sold 700 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $119.00, for a total transaction of $83,300.00. Following the completion of the transaction, the insider now owns 6,278 shares of the company’s stock, valued at $747,082. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Lindsay Trading Up 1.1 %

NYSE:LNN opened at $124.14 on Friday. Lindsay Co. has a 52-week low of $106.46 and a 52-week high of $137.31. 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 stock has a fifty day simple moving average of $120.92 and a 200-day simple moving average of $117.85. The company has a market capitalization of $1.35 billion, a PE ratio of 18.84 and a beta of 0.61.

Lindsay (NYSE:LNN) last announced its quarterly earnings results on Thursday, June 27th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating 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 company had revenue of $139.20 million for 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 company’s revenue for the quarter was down 15.4% compared to the same quarter last year. On average, equities research analysts expect that Lindsay Co. will post 5.44 earnings per share for the current fiscal year.

About Lindsay

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.