First Trust Advisors LP Reduces Stock Holdings in Lindsay Co. (NYSE:LNN)
First Trust Advisors LP Reduces Stock Holdings in Lindsay Co. (NYSE:LNN)
First Trust Advisors LP lowered its position in Lindsay Co. (NYSE:LNN – Get Rating) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,543 shares of the industrial products company's stock after selling 19,211 shares during the quarter. First Trust Advisors LP owned about 1.13% of Lindsay worth $17,701,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of Lindsay by 2,100.0% in the third quarter. US Bancorp DE now owns 264 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 252 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Lindsay in the third quarter valued at about $61,000. Point72 Hong Kong Ltd purchased a new position in Lindsay during the third quarter worth about $64,000. Royal Bank of Canada boosted its stake in Lindsay by 23.6% during the third quarter. Royal Bank of Canada now owns 514 shares of the industrial products company's stock worth $74,000 after buying an additional 98 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Lindsay by 75.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 627 shares of the industrial products company's stock worth $89,000 after buying an additional 269 shares during the period. Hedge funds and other institutional investors own 84.79% of the company's stock.
Get Lindsay alerts:Lindsay Trading Down 1.9 %
Shares of LNN stock opened at $146.87 on Friday. The company has a 50-day moving average of $153.85 and a two-hundred day moving average of $159.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.24 and a quick ratio of 1.97. Lindsay Co. has a 1-year low of $116.77 and a 1-year high of $183.08. The firm has a market cap of $1.62 billion, a PE ratio of 21.38 and a beta of 0.62.
Lindsay (NYSE:LNN – Get Rating) last posted its quarterly earnings data on Thursday, January 5th. The industrial products company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.25 by $0.40. Lindsay had a net margin of 9.71% and a return on equity of 19.74%. The business had revenue of $176.20 million during the quarter, compared to analyst estimates of $178.10 million. During the same quarter last year, the firm posted $0.72 earnings per share. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Lindsay Co. will post 6.95 EPS for the current year.
Lindsay Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Monday, February 13th. Lindsay's payout ratio is 19.80%.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Lindsay from a "buy" rating to a "hold" rating in a research note on Friday, February 10th.
Lindsay Company Profile
(Get Rating)
Lindsay Corp. engages in the manufacture and distribution of irrigation and infrastructure equipment and technology. It operates through the Irrigation and Infrastructure segments. The Irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications.
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第一信託顧問公司(First Trust Advisors LP)最近向美國證券交易委員會(Securities And Exchange Commission)提交的Form 13F檔案顯示,該公司第三季度將其在Lindsay Co.(NYSE:LNN-GET評級)的頭寸下調了13.5%。該公司在本季度出售了19,211股後,持有這家工業產品公司的123,543股股票。First Trust Advisors LP在最近一次報告期結束時擁有Lindsay約1.13%的股份,價值17,701,000美元。
其他對沖基金最近也調整了對該公司的持股。US Bancorp DE在第三季度增持了2,100.0%的Lindsay股票。US Bancorp DE現在擁有264股這家工業產品公司的股票,價值3.8萬美元,在此期間又購買了252股。瑞士寶盛銀行(Bank Julius Baer&Co.Ltd.)在第三季度購買了價值約6.1萬美元的林賽新股。Point72 Hong Kong Ltd在第三季度購買了價值約64,000美元的林賽新頭寸。加拿大皇家銀行在第三季度增持了23.6%的Lindsay股份。加拿大皇家銀行現在持有這家工業產品公司514股股票,價值74,000美元,在此期間又購買了98股。最後,AllSpring Global Investments Holdings LLC在第三季度將其在Lindsay的持股增加了75.1%。AllSpring Global Investments Holdings LLC現在持有這家工業產品公司627股股票,價值8.9萬美元,在此期間又購買了269股。對沖基金和其他機構投資者持有該公司84.79%的股票。
到達林賽警報:林賽股價下跌1.9%
上週五,LNN股票開盤報146.87美元。該公司的50日移動均線切入位在153.85美元,200日移動均線切入位在159.21美元。該公司的債務權益比為0.28,流動比率為3.24,速動比率為1.97。林賽公司的股價為一年低點116.77美元和一年高點183.08美元。該公司的市值為16.2億美元,本益比為21.38倍,貝塔係數為0.62。
Lindsay(紐約證券交易所代碼:LNN-GET Rating)最近一次公佈季度收益數據是在1月5日星期四。這家工業產品公司公佈本季度每股收益為1.65美元,比普遍預期的1.25美元高出0.40美元。林賽的淨利潤率為9.71%,股本回報率為19.74%。該業務本季度營收為1.762億美元,而分析師預期為1.781億美元。去年同一季度,該公司公佈的每股收益為0.72美元。與去年同期相比,該業務本季度的收入增長了6.0%。分析師平均預測,林賽公司本年度每股收益將達到6.95歐元。
林賽宣佈分紅
該公司最近還披露了一項季度股息,該股息於2月28日星期二支付。2月14日(星期二)登記在冊的股東獲得了0.34美元的股息。這意味著年化股息為1.36美元,股息收益率為0.93%。本次股息除息日期為2月13日星期一。林賽的派息率為19.80%。
分析師評級發生變化
另外,斯托克新聞網在2月10日星期五的一份研究報告中將Lindsay的股票評級從“買入”下調至“持有”。
林賽公司簡介
(獲取評級)
林賽公司從事灌溉和基礎設施設備和技術的製造和分銷。它通過灌溉和基礎設施部門運營。灌溉部門包括中心樞軸、橫向移動和軟管捲筒灌溉系統的製造和銷售,以及各種創新技術解決方案,如GPS定位和導航、變量灌溉、無線灌溉管理、M2M通信技術和智慧手機應用。
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