Lindsay Co. (NYSE:LNN) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC reduced its stake in shares of Lindsay Co. (NYSE:LNN) by 70.4% 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 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 hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings 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 valued at $165,301,000 after acquiring an additional 17,261 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in shares of Lindsay by 6.8% in the 4th quarter. Quadrature Capital Ltd now owns 27,260 shares of the industrial products company’s stock valued at $3,521,000 after buying an additional 1,727 shares during the period. Tompkins Financial Corp grew its position in shares of Lindsay by 66.7% during the 1st quarter. Tompkins Financial Corp now owns 500 shares of the industrial products company’s stock valued at $59,000 after buying an additional 200 shares during the last quarter. Cardinal Capital Management raised its stake in Lindsay by 31.9% during the first quarter. Cardinal Capital Management now owns 13,330 shares of the industrial products company’s stock worth $1,568,000 after acquiring an additional 3,221 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Lindsay by 0.4% in the first quarter. Principal Financial Group Inc. now owns 58,725 shares of the industrial products company’s stock worth $6,910,000 after acquiring an additional 230 shares during the last quarter. Institutional investors own 89.94% of the company’s stock.

Lindsay Stock Up 1.6 %

NYSE:LNN opened at $122.12 on Monday. The company has a current ratio of 3.95, a quick ratio of 2.56 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $120.88 and a 200-day moving average of $118.43. The firm has a market capitalization of $1.33 billion, a PE ratio of 18.53 and a beta of 0.61. Lindsay Co. has a 52 week low of $106.46 and a 52 week high of $137.31.

Lindsay Company 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.