Lindsay (NYSE:LNN) Upgraded at StockNews.com

Lindsay (NYSE:LNN) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Separately, Stifel Nicolaus raised their price objective on shares of Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th.

Lindsay Trading Down 0.5 %

Shares of LNN stock traded down $0.69 during trading hours on Wednesday, reaching $128.60. 56,469 shares of the stock traded hands, compared to its average volume of 83,512. Lindsay has a 1-year low of $109.27 and a 1-year high of $140.27. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.40 billion, a PE ratio of 20.64 and a beta of 0.70. The business has a fifty day moving average price of $131.88 and a 200 day moving average price of $126.23.

Lindsay (NYSE:LNN) last posted its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.39 by $0.18. The business had revenue of $166.30 million during the quarter, compared to analysts’ expectations of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. On average, equities research analysts forecast that Lindsay will post 5.82 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AlphaQuest LLC acquired a new position in Lindsay in the 4th quarter valued at $32,000. GAMMA Investing LLC grew its stake in Lindsay by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock valued at $33,000 after buying an additional 131 shares during the last quarter. Global Retirement Partners LLC grew its stake in Lindsay by 10.3% in the 4th quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company’s stock valued at $109,000 after buying an additional 86 shares during the last quarter. Van ECK Associates Corp grew its stake in Lindsay by 73.1% in the 4th quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company’s stock valued at $175,000 after buying an additional 623 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Lindsay by 729.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,709 shares of the industrial products company’s stock valued at $202,000 after buying an additional 1,503 shares during the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

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.