GSA Capital Partners LLP Buys New Holdings in Lindsay Co. (NYSE:LNN)

GSA Capital Partners LLP purchased a new position in shares of Lindsay Co. (NYSE:LNN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,052 shares of the industrial products company’s stock, valued at approximately $754,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNN. US Bancorp DE increased its position in Lindsay by 45.9% during the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. CWM LLC increased its position in shares of Lindsay by 16.8% in the third quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 92 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Lindsay in the 1st quarter valued at $145,000. Intech Investment Management LLC acquired a new position in shares of Lindsay during the 2nd quarter valued at $241,000. Finally, SG Americas Securities LLC purchased a new stake in Lindsay during the 2nd quarter worth $279,000. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Trading Down 0.9 %

NYSE:LNN opened at $123.24 on Monday. The business’s 50-day moving average is $121.52 and its two-hundred day moving average is $119.30. The firm has a market capitalization of $1.34 billion, a PE ratio of 20.47 and a beta of 0.61. Lindsay Co. has a 12 month low of $109.27 and a 12 month high of $135.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.92 and a quick ratio of 2.69.

Lindsay (NYSE:LNN) last announced its earnings results on Thursday, October 24th. The industrial products company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.01 by $0.16. The business 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 company’s revenue was down 7.2% on a year-over-year basis. During the same period last year, the business posted $1.74 EPS. Research analysts predict that Lindsay Co. will post 5.66 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. Lindsay’s payout ratio is currently 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.