Corient Private Wealth LLC Has $1.04 Million Stock Holdings in Lindsay Corporation $LNN

Corient Private Wealth LLC boosted its position in shares of Lindsay Corporation (NYSE:LNNFree Report) by 106.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,854 shares of the industrial products company’s stock after acquiring an additional 4,573 shares during the period. Corient Private Wealth LLC’s holdings in Lindsay were worth $1,044,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Nuance Investments LLC lifted its position in shares of Lindsay by 293.5% in the 4th quarter. Nuance Investments LLC now owns 178,571 shares of the industrial products company’s stock worth $21,048,000 after acquiring an additional 133,190 shares during the period. Wellington Management Group LLP acquired a new stake in Lindsay during the fourth quarter worth $13,994,000. Amundi increased its holdings in Lindsay by 39.4% in the 4th quarter. Amundi now owns 269,817 shares of the industrial products company’s stock valued at $31,843,000 after buying an additional 76,292 shares during the period. Invesco Ltd. raised its stake in shares of Lindsay by 32.6% in the 3rd quarter. Invesco Ltd. now owns 205,985 shares of the industrial products company’s stock valued at $28,953,000 after buying an additional 50,671 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Lindsay in the 2nd quarter valued at $6,670,000. Institutional investors and hedge funds own 89.94% of the company’s stock.

Lindsay News Roundup

Here are the key news stories impacting Lindsay this week:

Lindsay Stock Down 0.3%

Shares of NYSE:LNN opened at $120.69 on Friday. The company’s fifty day moving average is $113.23 and its 200-day moving average is $119.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 3.02. Lindsay Corporation has a 52 week low of $97.27 and a 52 week high of $149.16. The company has a market capitalization of $1.26 billion, a PE ratio of 22.11 and a beta of 0.69.

Lindsay (NYSE:LNNGet Free Report) last announced its earnings results on Thursday, July 2nd. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.39. Lindsay had a net margin of 9.25% and a return on equity of 11.28%. The business had revenue of $160.76 million during the quarter, compared to analysts’ expectations of $157.80 million. During the same quarter last year, the company posted $1.78 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts predict that Lindsay Corporation will post 5.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LNN has been the topic of several recent research reports. Weiss Ratings lowered shares of Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 21st. Zacks Research raised shares of Lindsay from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Stifel Nicolaus decreased their price objective on Lindsay from $128.00 to $113.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Lindsay presently has a consensus rating of “Hold” and a consensus price target of $113.00.

View Our Latest Report on LNN

About Lindsay

(Free Report)

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.

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Institutional Ownership by Quarter for Lindsay (NYSE:LNN)

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