Yousif Capital Management LLC Has $706,000 Stock Holdings in Lindsay Co. (NYSE:LNN)

Yousif Capital Management LLC cut its holdings in Lindsay Co. (NYSE:LNN) by 6.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,466 shares of the industrial products company’s stock after selling 390 shares during the quarter. Yousif Capital Management LLC’s holdings in Lindsay were worth $706,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LNN. Nuance Investments LLC boosted its position in Lindsay by 19.2% during the 3rd quarter. Nuance Investments LLC now owns 350,675 shares of the industrial products company’s stock worth $41,267,000 after acquiring an additional 56,526 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Lindsay by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 211,195 shares of the industrial products company’s stock worth $24,853,000 after acquiring an additional 13,760 shares during the last quarter. American Century Companies Inc. boosted its position in Lindsay by 3,922.9% during the 3rd quarter. American Century Companies Inc. now owns 190,726 shares of the industrial products company’s stock worth $22,445,000 after acquiring an additional 185,985 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Lindsay during the 4th quarter worth approximately $24,285,000. Finally, Robeco Schweiz AG acquired a new position in Lindsay during the 3rd quarter worth approximately $15,851,000. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay Trading Down 1.3 %

NYSE LNN opened at $118.29 on Monday. Lindsay Co. has a 12 month low of $106.46 and a 12 month high of $137.31. The stock has a 50 day moving average of $116.75 and a 200-day moving average of $123.10. The company has a current ratio of 3.87, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.31 billion, a PE ratio of 18.87 and a beta of 0.63.

Lindsay (NYSE:LNN) last posted its quarterly earnings results on Thursday, April 4th. The industrial products company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.12. Lindsay had a return on equity of 15.04% and a net margin of 10.74%. The business had revenue of $151.50 million for the quarter, compared to analysts’ expectations of $172.06 million. During the same quarter in the prior year, the business earned $1.63 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities research analysts anticipate that Lindsay Co. will post 5.3 EPS for the current fiscal year.

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Thursday, May 16th. Lindsay’s dividend payout ratio (DPR) is presently 22.33%.

Analyst Ratings Changes

LNN has been the subject of a number of recent research reports. Northcoast Research raised Lindsay from a “neutral” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Friday, April 5th. TheStreet downgraded Lindsay from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th. Finally, StockNews.com downgraded Lindsay from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Lindsay currently has an average rating of “Moderate Buy” and a consensus price target of $138.33.

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.