Lindsay Corp: Neuberger Berman Group Llc Disclosed Stake

February 16, 2018 - By Darrin Black

 Lindsay Corp: Neuberger Berman Group Llc Disclosed Stake

Investors sentiment increased to 1.32 in 2017 Q3. Its up 0.46, from 0.86 in 2017Q2. It is positive, as 13 investors sold Lindsay Corporation shares while 37 reduced holdings. 21 funds opened positions while 45 raised stakes. 9.95 million shares or 3.33% less from 10.29 million shares in 2017Q2 were reported.

Goldman Sachs Grp stated it has 0% in Lindsay Corporation (NYSE:LNN). Neuberger Berman Grp Ltd reported 0.09% stake. Principal Financial Group owns 94,280 shares for 0.01% of their portfolio. New York-based Alliancebernstein Ltd Partnership has invested 0% in Lindsay Corporation (NYSE:LNN). Comerica Bankshares invested in 0.01% or 11,832 shares. Barclays Plc accumulated 1,798 shares. American Management holds 0.17% of its portfolio in Lindsay Corporation (NYSE:LNN) for 30,295 shares. 27,305 were accumulated by Tiaa Cref Investment Mgmt Lc. Public Employees Retirement Association Of Colorado reported 3,378 shares stake. First Advsrs Limited Partnership, a Illinois-based fund reported 59,771 shares. Swiss Bankshares holds 17,500 shares. John G Ullman And Associates Inc holds 2.71% or 151,191 shares. King Luther Capital Mgmt Corp owns 90,105 shares or 0.07% of their US portfolio. California Employees Retirement Sys holds 28,438 shares or 0% of its portfolio. Thrivent For Lutherans invested 0.06% in Lindsay Corporation (NYSE:LNN).

Since February 2, 2018, it had 0 insider purchases, and 1 sale for $270,160 activity.

The New Neuberger Berman Group Llc Holding in Lindsay Corp

Neuberger Berman Group Llc reported SC 13G/A form with the SEC for Lindsay Corp. Access it here: 000114036118008472. As reported by Neuberger Berman Group Llc, the filler owns 6.96% or 746,519 shares of the Industrials–company.

Lindsay Corp stake is new for [reportingPerson]. Date of activity: December31,2017. This shows Neuberger Berman Group Llc’s positive view for Lindsay Corp.

Lindsay Corp Institutional Sentiment

Filings show 162 investors own Lindsay Corp. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 885484. 11545901 were owned by these investors. 13 funds opened new Lindsay Corp stakes, 47 increased positions. There were 24 that closed positions and 64 reduced them.

Corecommodity Management Llc is an investor bullish on Lindsay Corp, owning 17982 shares as of Q3 2015 for 1.12% of its portfolio. Nuance Investments Llc owns 276233 shares or 2.05% of its portfolio. NY John G Ullman & Associates Inc have 1.82% of its portfolio for 110088 shares. Further, Shapiro Capital Management Llc reported stake worth less than 0.01% of its portfolio. The TN Moon Capital Management Llc owns 50940 shares. Lindsay Corp is less than 0.01% of its portfolio.

Business Profile

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry. The Infrastructure Segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, large diameter steel tubing, and railroad signals and structures. It also manufactures and markets hose reel travelers under the Perrot and Greenfield brands in Europe and South Africa. It produces or markets chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems, which it sells under its GrowSmart brand.

SEC Form 13G.

The stock decreased 1.61% or $1.49 during the last trading session, reaching $91.27. About 1,815 shares traded. Lindsay Corporation (NYSE:LNN) has risen 25.75% since February 16, 2017 and is uptrending. It has outperformed by 9.05% the S&P500.

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 $978.54 million. The company'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 38.25 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.

Lindsay Corporation (NYSE:LNN) Ratings Coverage

Among 7 analysts covering Lindsay (NYSE:LNN), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Lindsay has $93 highest and $62 lowest target. $79.60’s average target is -12.79% below currents $91.27 stock price. Lindsay had 20 analyst reports since August 31, 2015 according to SRatingsIntel. The firm has “Hold” rating by Piper Jaffray given on Friday, September 8. The stock of Lindsay Corporation (NYSE:LNN) has “Hold” rating given on Thursday, August 17 by Stifel Nicolaus. As per Monday, February 5, the company rating was maintained by Piper Jaffray. The rating was maintained by Piper Jaffray on Friday, August 4 with “Hold”. The rating was maintained by Piper Jaffray with “Underweight” on Thursday, December 24. Stifel Nicolaus maintained it with “Hold” rating and $7600 target in Friday, July 7 report. Stifel Nicolaus downgraded the stock to “Sell” rating in Thursday, June 2 report. Stifel Nicolaus maintained the shares of LNN in report on Thursday, December 21 with “Hold” rating. Seaport Global initiated it with “Neutral” rating and $67 target in Tuesday, May 24 report. The rating was maintained by Stifel Nicolaus with “Sell” on Friday, October 14.

More recent Lindsay Corporation (NYSE:LNN) news were published by: Seekingalpha.com which released: “Lindsay: Positive Catalysts Emerge, Tax Cut Fueling Net Income” on February 09, 2018. Also Businesswire.com published the news titled: “Lindsay Corporation Announces Changes to Board of Directors” on February 12, 2018. Nasdaq.com‘s news article titled: “Lindsay Corporation (LNN) Ex-Dividend Date Scheduled for February 13, 2018” with publication date: February 12, 2018 was also an interesting one.

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