Union Bancaire Privee UBP SA Takes Position in Lindsay Co. (NYSE:LNN)

Union Bancaire Privee UBP SA bought a new stake in Lindsay Co. (NYSE:LNN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,653 shares of the industrial products company’s stock, valued at approximately $679,000.

Other institutional investors have also modified their holdings of the company. US Bancorp DE grew its position in shares of Lindsay by 45.9% in the third quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 84 shares during the period. GAMMA Investing LLC boosted its position in Lindsay by 90.3% during the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 131 shares during the last quarter. Global Retirement Partners LLC boosted its position in Lindsay by 10.3% during the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 86 shares during the last quarter. Van ECK Associates Corp boosted its position in Lindsay by 73.1% during the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 623 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its position in Lindsay by 6.8% during the third quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LNN shares. StockNews.com lowered shares of Lindsay from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Stifel Nicolaus lifted their target price on shares of Lindsay from $126.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th.

Lindsay Price Performance

Shares of LNN stock opened at $131.40 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65. The firm’s 50-day moving average is $128.70 and its two-hundred day moving average is $125.16. Lindsay Co. has a 12 month low of $109.27 and a 12 month high of $140.26. The company has a market capitalization of $1.43 billion, a PE ratio of 21.09 and a beta of 0.67.

Lindsay (NYSE:LNN) last issued its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The company had revenue of $166.30 million for the quarter, compared to the consensus estimate of $169.78 million. During the same period in the previous year, the firm earned $1.36 earnings per share. Lindsay’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that Lindsay Co. will post 5.82 earnings per share for the current year.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, February 14th. Lindsay’s dividend payout ratio (DPR) is 23.11%.

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.