Lindsay Corp (NYSE:LNN) Institutional Investors 2017 Q4 Sentiment

May 16, 2018 - By Henry Gaston

Sentiment for Lindsay Corp (NYSE:LNN)

Lindsay Corp (NYSE:LNN) institutional sentiment decreased to 1.2 in 2017 Q4. Its down -0.12, from 1.32 in 2017Q3. The ratio dived, as 66 active investment managers started new or increased holdings, while 55 reduced and sold their holdings in Lindsay Corp. The active investment managers in our partner’s database now possess: 9.71 million shares, down from 9.95 million shares in 2017Q3. Also, the number of active investment managers holding Lindsay Corp in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 10 Reduced: 45 Increased: 48 New Position: 18.

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure services and products in the United States and internationally. The company has market cap of $1.03 billion. The companyÂ’s Irrigation segment makes and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It has a 46.04 P/E ratio. This segment also offers repair and replacement parts for irrigation systems and controls; water pumping stations and controls for agriculture, golf, landscape, and municipal markets under the Watertronics brand; filtration solutions for groundwater, agriculture, industrial, and heat transfer markets under the LAKOS brand; and M2M communication technology solutions, data acquisition and management systems, and custom electronic equipment under the Elecsys brand.

The stock increased 1.46% or $1.38 during the last trading session, reaching $95.53. About 20,582 shares traded. Lindsay Corporation (NYSE:LNN) has risen 11.31% since May 16, 2017 and is uptrending. It has underperformed by 0.24% the S&P500.

Analysts await Lindsay Corporation (NYSE:LNN) to report earnings on July, 5. They expect $1.39 earnings per share, up 36.27 % or $0.37 from last year’s $1.02 per share. LNN’s profit will be $14.96 million for 17.18 P/E if the $1.39 EPS becomes a reality. After $0.56 actual earnings per share reported by Lindsay Corporation for the previous quarter, Wall Street now forecasts 148.21 % EPS growth.

Prentiss Smith & Co Inc holds 2.84% of its portfolio in Lindsay Corporation for 66,114 shares. John G Ullman & Associates Inc owns 120,706 shares or 2.12% of their US portfolio. Moreover, Impax Asset Management Ltd has 1.39% invested in the company for 572,211 shares. The Massachusetts-based Timber Creek Capital Management Llc has invested 0.79% in the stock. Nuance Investments Llc, a Kansas-based fund reported 81,229 shares.

Since January 1, 0001, it had 0 buys, and 1 sale for $270,160 activity.

Lindsay Corporation (NYSE:LNN) Ratings Coverage

Ratings analysis reveals 25% of Lindsay Corp’s analysts are positive. Out of 4 Wall Street analysts rating Lindsay Corp, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $84.0 while the high is $13200. The stock’s average target of $103.33 is 8.16% above today’s ($95.53) share price. LNN was included in 6 notes of analysts from December 10, 2017. Stifel Nicolaus maintained it with “Hold” rating and $92.0 target in Thursday, December 21 report. The firm has “Hold” rating by Piper Jaffray given on Monday, February 5. Boenning & Scattergood upgraded the shares of LNN in report on Thursday, March 29 to “Buy” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Sunday, April 1. Seaport Global maintained Lindsay Corporation (NYSE:LNN) on Monday, April 2 with “Hold” rating. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Hold”.

More recent Lindsay Corporation (NYSE:LNN) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in City Office REIT, Malibu Boats, Vical, Renasant, Genocea Biosciences, and …” on May 02, 2018. Also Businesswire.com published the news titled: “Lindsay Corporation Announces Quarterly Cash Dividend” on May 04, 2018. Businesswire.com‘s news article titled: “Lindsay Corporation to Present at the Oppenheimer 13” with publication date: April 30, 2018 was also an interesting one.

Lindsay Corporation (NYSE:LNN) Institutional Positions Chart

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