Teachers Retirement System of The State of Kentucky Holds Position in Lindsay Co. (LNN)

Teachers Retirement System of The State of Kentucky continued to hold its stake in Lindsay Co. (NYSE:LNN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,600 shares of the industrial products company’s stock at the end of the fourth quarter. Teachers Retirement System of The State of Kentucky’s holdings in Lindsay were worth $343,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Lindsay by 8.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,351 shares of the industrial products company’s stock worth $101,000 after buying an additional 100 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Lindsay by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 1,823 shares of the industrial products company’s stock valued at $135,000 after buying an additional 930 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Lindsay by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,390 shares of the industrial products company’s stock valued at $177,000 after buying an additional 40 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Lindsay by 4.8% in the third quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the industrial products company’s stock valued at $218,000 after buying an additional 135 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Lindsay during the fourth quarter valued at about $242,000.

Institutional Ownership by Quarter for Lindsay (NYSE:LNN)

Shares of Lindsay Co. (NYSE:LNN) traded up 1.54% on Thursday, reaching $86.33. The company had a trading volume of 12,723 shares. Lindsay Co. has a one year low of $65.78 and a one year high of $89.98. The firm has a market cap of $920.45 million, a P/E ratio of 39.58 and a beta of 0.74. The company has a 50-day moving average price of $82.81 and a 200-day moving average price of $79.37.

Lindsay (NYSE:LNN) last announced its quarterly earnings results on Thursday, March 30th. The industrial products company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. Lindsay had a net margin of 2.81% and a return on equity of 9.19%. The business had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $119.12 million. During the same quarter last year, the firm earned ($0.37) EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect that Lindsay Co. will post $2.17 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/04/20/teachers-retirement-system-of-the-state-of-kentucky-maintains-stake-in-lindsay-co-lnn-updated.html.

Several research analysts have recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $76.00 price target (up previously from $75.00) on shares of Lindsay in a research note on Sunday, April 2nd. TheStreet raised Lindsay from a “c” rating to a “b” rating in a research note on Thursday, March 30th. Finally, Zacks Investment Research raised Lindsay from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 21st. Four analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $76.75.

In other Lindsay news, insider David B. Downing sold 5,000 shares of Lindsay stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $87.33, for a total transaction of $436,650.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rick Parod sold 40,241 shares of Lindsay stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $85.58, for a total transaction of $3,443,824.78. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

About Lindsay

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.

5 Day Chart for NYSE:LNN

Receive News & Ratings for Lindsay Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindsay Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply