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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第一信托顾问公司(First Trust Advisors LP)最近向美国证券交易委员会(Securities And Exchange Commission)提交的Form 13F文件显示,该公司第三季度将其在Lindsay Co.(NYSE:LNN-GET评级)的头寸下调了13.5%。该公司在本季度出售了19,211股后,持有这家工业产品公司的123,543股股票。First Trust Advisors LP在最近一次报告期结束时拥有Lindsay约1.13%的股份,价值17,701,000美元。
其他对冲基金最近也调整了对该公司的持股。US Bancorp DE在第三季度增持了2,100.0%的Lindsay股票。US Bancorp DE现在拥有264股这家工业产品公司的股票,价值3.8万美元,在此期间又购买了252股。瑞士宝盛银行(Bank Julius Baer&Co.Ltd.)在第三季度购买了价值约6.1万美元的林赛新股。Point72 Hong Kong Ltd在第三季度购买了价值约64,000美元的林赛新头寸。加拿大皇家银行在第三季度增持了23.6%的Lindsay股份。加拿大皇家银行现在持有这家工业产品公司514股股票,价值74,000美元,在此期间又购买了98股。最后,AllSpring Global Investments Holdings LLC在第三季度将其在Lindsay的持股增加了75.1%。AllSpring Global Investments Holdings LLC现在持有这家工业产品公司627股股票,价值8.9万美元,在此期间又购买了269股。对冲基金和其他机构投资者持有该公司84.79%的股票。
到达林赛警报:林赛股价下跌1.9%
上周五,LNN股票开盘报146.87美元。该公司的50日移动均线切入位在153.85美元,200日移动均线切入位在159.21美元。该公司的债务权益比为0.28,流动比率为3.24,速动比率为1.97。林赛公司的股价为一年低点116.77美元和一年高点183.08美元。该公司的市值为16.2亿美元,市盈率为21.38倍,贝塔系数为0.62。
Lindsay(纽约证券交易所代码:LNN-GET Rating)最近一次公布季度收益数据是在1月5日星期四。这家工业产品公司公布本季度每股收益为1.65美元,比普遍预期的1.25美元高出0.40美元。林赛的净利润率为9.71%,股本回报率为19.74%。该业务本季度营收为1.762亿美元,而分析师预期为1.781亿美元。去年同一季度,该公司公布的每股收益为0.72美元。与去年同期相比,该业务本季度的收入增长了6.0%。分析师平均预测,林赛公司本年度每股收益将达到6.95欧元。
林赛宣布分红
该公司最近还披露了一项季度股息,该股息于2月28日星期二支付。2月14日(星期二)登记在册的股东获得了0.34美元的股息。这意味着年化股息为1.36美元,股息收益率为0.93%。本次股息除息日期为2月13日星期一。林赛的派息率为19.80%。
分析师评级发生变化
另外,斯托克新闻网在2月10日星期五的一份研究报告中将Lindsay的股票评级从“买入”下调至“持有”。
林赛公司简介
(获取评级)
林赛公司从事灌溉和基础设施设备和技术的制造和分销。它通过灌溉和基础设施部门运营。灌溉部门包括中心枢轴、横向移动和软管卷筒灌溉系统的制造和销售,以及各种创新技术解决方案,如GPS定位和导航、变量灌溉、无线灌溉管理、M2M通信技术和智能手机应用。
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想看看还有哪些对冲基金持有LNN吗?访问HoldingsChannel.com获取Lindsay Co.(纽约证券交易所代码:LNN-GET Rating)的最新13F文件和内幕交易信息。
接收Lindsay Daily的新闻和评级-在下面输入您的电子邮件地址,通过MarketBeat.com的免费每日电子邮件时事通讯接收对Lindsay和相关公司的最新新闻和分析师评级的每日简要摘要。
译文内容由第三方软件翻译。
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