Cubist Systematic Strategies LLC Has $361,000 Stock Holdings in Lindsay Co. (NYSE:LNN)

Cubist Systematic Strategies LLC reduced its stake in Lindsay Co. (NYSE:LNN) by 70.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,938 shares of the industrial products company’s stock after selling 6,971 shares during the period. Cubist Systematic Strategies LLC’s holdings in Lindsay were worth $361,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LNN. Vanguard Group Inc. grew its stake in Lindsay by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,284,033 shares of the industrial products company’s stock valued at $151,079,000 after buying an additional 4,214 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lindsay by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock valued at $41,975,000 after purchasing an additional 21,474 shares during the last quarter. Robeco Schweiz AG increased its stake in shares of Lindsay by 2.4% during the fourth quarter. Robeco Schweiz AG now owns 137,884 shares of the industrial products company’s stock worth $17,809,000 after purchasing an additional 3,187 shares during the period. Principal Financial Group Inc. lifted its holdings in Lindsay by 0.4% during the 1st 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. Finally, Heartland Advisors Inc. boosted its stake in Lindsay by 26.8% in the 1st quarter. Heartland Advisors Inc. now owns 53,003 shares of the industrial products company’s stock valued at $6,236,000 after purchasing an additional 11,207 shares during the period. 89.94% of the stock is owned by institutional investors.

Lindsay Stock Up 1.2 %

LNN stock opened at $123.29 on Friday. Lindsay Co. has a fifty-two week low of $106.46 and a fifty-two week high of $137.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.95 and a quick ratio of 2.56. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 18.71 and a beta of 0.61. The business’s fifty day moving average price is $121.13 and its two-hundred day moving average price is $118.15.

Insider Buying and Selling

In other Lindsay news, insider James Scott Marion sold 700 shares of the business’s 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 sale, the insider now owns 6,278 shares of the company’s stock, valued at $747,082. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

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.