Magnetar Financial LLC acquired a new position in shares of Lindsay Corporation (NYSE:LNN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,812 shares of the industrial products company’s stock, valued at approximately $626,000. Magnetar Financial LLC owned about 0.06% of Lindsay at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in Lindsay by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,971 shares of the industrial products company’s stock valued at $265,000 after purchasing an additional 14 shares during the last quarter. Texas Permanent School Fund raised its position in Lindsay by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 7,761 shares of the industrial products company’s stock valued at $693,000 after purchasing an additional 65 shares during the last quarter. CS Mckee LP raised its position in Lindsay by 0.6% in the 2nd quarter. CS Mckee LP now owns 17,850 shares of the industrial products company’s stock valued at $1,593,000 after purchasing an additional 100 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Lindsay by 0.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 28,570 shares of the industrial products company’s stock valued at $2,550,000 after purchasing an additional 238 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Lindsay by 1.6% in the 1st quarter. Teachers Advisors LLC now owns 20,768 shares of the industrial products company’s stock valued at $1,830,000 after purchasing an additional 337 shares during the last quarter. Institutional investors and hedge funds own 94.31% of the company’s stock.

Several analysts recently commented on LNN shares. Stifel Nicolaus set a $76.00 price target on shares of Lindsay and gave the company a “hold” rating in a research report on Friday, August 18th. BidaskClub downgraded shares of Lindsay from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $80.00 price target on shares of Lindsay in a research report on Sunday, September 10th. Boenning Scattergood restated a “hold” rating on shares of Lindsay in a research report on Thursday, October 12th. Finally, TheStreet downgraded shares of Lindsay from a “b” rating to a “c+” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $95.00.

Shares of Lindsay Corporation (NYSE LNN) traded down $1.37 during trading on Wednesday, reaching $90.24. 51,200 shares of the company’s stock were exchanged, compared to its average volume of 81,497. The stock has a market cap of $979.96, a P/E ratio of 42.41, a P/E/G ratio of 2.08 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.25 and a current ratio of 3.18. Lindsay Corporation has a 52 week low of $72.85 and a 52 week high of $96.22.

Lindsay (NYSE:LNN) last announced its quarterly earnings data on Thursday, October 12th. The industrial products company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.18. The company had revenue of $131.94 million during the quarter, compared to the consensus estimate of $134.83 million. Lindsay had a net margin of 4.47% and a return on equity of 8.95%. equities analysts anticipate that Lindsay Corporation will post 2.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.33%. Lindsay’s payout ratio is currently 55.56%.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.watchlistnews.com/6812-shares-in-lindsay-corporation-lnn-acquired-by-magnetar-financial-llc/1761582.html.

Lindsay Company Profile

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.

Institutional Ownership by Quarter for Lindsay (NYSE:LNN)

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