Lindsay Co. (NYSE:LNN) Position Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Lindsay Co. (NYSE:LNN) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,631 shares of the industrial products company’s stock after selling 1,632 shares during the period. Hsbc Holdings PLC’s holdings in Lindsay were worth $204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Intrinsic Edge Capital Management LLC acquired a new stake in shares of Lindsay during the 4th quarter valued at approximately $1,597,000. Heartland Advisors Inc. raised its holdings in shares of Lindsay by 26.8% during the first quarter. Heartland Advisors Inc. now owns 53,003 shares of the industrial products company’s stock worth $6,236,000 after purchasing an additional 11,207 shares during the period. Vanguard Group Inc. lifted its position in shares of Lindsay by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,279,819 shares of the industrial products company’s stock worth $165,301,000 after buying an additional 17,261 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Lindsay by 139.4% in the 2nd quarter. Victory Capital Management Inc. now owns 11,768 shares of the industrial products company’s stock valued at $1,446,000 after buying an additional 6,853 shares during the period. Finally, Panagora Asset Management Inc. bought a new stake in shares of Lindsay during the 2nd quarter valued at about $2,111,000. Institutional investors own 89.94% of the company’s stock.

Insider Transactions at Lindsay

In related news, insider James Scott Marion sold 700 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $119.00, for a total transaction of $83,300.00. Following the completion of the transaction, the insider now directly owns 6,278 shares in the company, valued at $747,082. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Lindsay Price Performance

LNN opened at $123.29 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.95 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $121.13 and its 200 day moving average price is $118.15. Lindsay Co. has a fifty-two week low of $106.46 and a fifty-two week high of $137.31. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 18.71 and a beta of 0.61.

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.