Squarepoint Ops LLC Has $3.49 Million Stock Holdings in Lindsay Co. (NYSE:LNN)

Squarepoint Ops LLC lifted its stake in shares of Lindsay Co. (NYSE:LNN) by 90.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,388 shares of the industrial products company’s stock after purchasing an additional 13,519 shares during the quarter. Squarepoint Ops LLC owned 0.26% of Lindsay worth $3,488,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LNN. Louisiana State Employees Retirement System grew its stake in Lindsay by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the industrial products company’s stock worth $688,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Lindsay by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 9,654 shares of the industrial products company’s stock worth $1,136,000 after acquiring an additional 143 shares in the last quarter. Tompkins Financial Corp increased its stake in Lindsay by 66.7% in the first quarter. Tompkins Financial Corp now owns 500 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 200 shares during the last quarter. Rodgers Brothers Inc. raised its position in Lindsay by 0.4% during the first quarter. Rodgers Brothers Inc. now owns 49,760 shares of the industrial products company’s stock valued at $5,855,000 after purchasing an additional 200 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Lindsay by 0.4% during the first quarter. Principal Financial Group Inc. now owns 58,725 shares of the industrial products company’s stock worth $6,910,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 89.94% of the company’s stock.

Lindsay Trading Down 0.4 %

Shares of LNN opened at $124.10 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.56 and a current ratio of 3.95. Lindsay Co. has a 52-week low of $106.46 and a 52-week high of $137.31. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 18.83 and a beta of 0.61. The business’s fifty day moving average is $121.08 and its 200-day moving average is $118.00.

Insider Buying and Selling at Lindsay

In other news, insider James Scott Marion sold 700 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $119.00, for a total value of $83,300.00. Following the completion of the transaction, the insider now owns 6,278 shares of the company’s stock, valued at $747,082. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

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.