6,052 Shares in Lindsay Co. (NYSE:LNN) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Lindsay Co. (NYSE:LNN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,052 shares of the industrial products company’s stock, valued at approximately $754,000. GSA Capital Partners LLP owned about 0.06% of Lindsay at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its stake in Lindsay by 45.9% in the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock valued at $33,000 after buying an additional 84 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of Lindsay by 12.0% during the third quarter. Cardinal Capital Management now owns 15,683 shares of the industrial products company’s stock valued at $1,955,000 after acquiring an additional 1,684 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Lindsay by 222.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,669 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 6,672 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Lindsay by 18.4% during the 3rd quarter. Inspire Investing LLC now owns 3,374 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 525 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Lindsay by 16.8% during the 3rd quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Lindsay Stock Performance

NYSE:LNN opened at $123.24 on Monday. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $135.05. The firm has a 50 day simple moving average of $121.52 and a 200-day simple moving average of $119.30. The firm has a market cap of $1.34 billion, a PE ratio of 20.47 and a beta of 0.61. 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 issued its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $155.00 million for the quarter, compared to analyst estimates of $145.37 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 EPS. On average, equities analysts expect that Lindsay Co. will post 5.66 EPS for the current year.

Lindsay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. Lindsay’s dividend payout ratio is currently 23.92%.

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.