Lindsay Corp (NYSE:LNN) Stock Price Up as Sentiment Improves

July 18, 2017 - By Henry Gaston

 Lindsay Corp (NYSE:LNN) Stock Price Up as Sentiment  Improves

Sentiment for Lindsay Corp (NYSE:LNN)

Lindsay Corp (NYSE:LNN) institutional sentiment increased to 1.48 in Q4 2016. Its up 0.51, from 0.97 in 2016Q3. The ratio improved, as 77 hedge funds started new or increased equity positions, while 52 sold and reduced stock positions in Lindsay Corp. The hedge funds in our partner’s database now own: 10.83 million shares, down from 11.57 million shares in 2016Q3. Also, the number of hedge funds holding Lindsay Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 42 Increased: 53 New Position: 24.

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure services and products. The company has market cap of $963.58 million. The Firm operates through two divisions: Irrigation Segment and Infrastructure Segment. It has a 39.2 P/E ratio. 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.

It is down 25.75% since July 18, 2016 and is uptrending. It has outperformed by 9.05% the S&P500.

John G Ullman & Associates Inc holds 2.49% of its portfolio in Lindsay Corporation for 159,132 shares. Timber Creek Capital Management Llc owns 25,465 shares or 1.48% of their US portfolio. Moreover, Prentiss Smith & Co Inc has 1.44% invested in the company for 31,731 shares. The United Kingdom-based Impax Asset Management Ltd has invested 1.31% in the stock. Corecommodity Management Llc, a Connecticut-based fund reported 13,378 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 2 sales for $3.88 million activity.

Lindsay Corporation (NYSE:LNN) Ratings Coverage

Ratings analysis reveals 14% of Lindsay’s analysts are positive. Out of 7 Wall Street analysts rating Lindsay, 1 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $62 while the high is $93. The stock’s average target of $72.20 is -20.24% below today’s ($90.52) share price. LNN was included in 12 notes of analysts from August 31, 2015. The stock has “Sell” rating by Monness Crespi & Hardt on Monday, September 14. The stock has “Sell” rating by Stifel Nicolaus on Thursday, June 2. Seaport Global initiated the shares of LNN in report on Tuesday, May 24 with “Neutral” rating. The rating was downgraded by Zacks to “Buy” on Monday, August 31. Piper Jaffray maintained the stock with “Underweight” rating in Thursday, December 24 report. Stifel Nicolaus upgraded the stock to “Hold” rating in Thursday, December 1 report. As per Friday, October 14, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Friday, July 7. The stock has “Neutral” rating by PiperJaffray on Monday, November 28. As per Monday, November 28, the company rating was upgraded by Piper Jaffray.

More notable recent Lindsay Corporation (NYSE:LNN) news were published by: Seekingalpha.com which released: “Lindsay Corporation: Shorts Capitulate” on July 14, 2017, also Businesswire.com with their article: “Lindsay Corporation Names Timothy Hassinger as New Chief Executive Officer and …” published on July 18, 2017, Nasdaq.com published: “Lindsay Corporation (LNN): Strong Industry, Solid Earnings Estimate Revisions” on July 06, 2017. More interesting news about Lindsay Corporation (NYSE:LNN) were released by: Businesswire.com and their article: “Lindsay Corporation Reports Fiscal 2017 Third Quarter Results” published on June 29, 2017 as well as Businesswire.com‘s news article titled: “Lindsay Corporation Announces Fiscal 2017 Third Quarter Earnings Conference …” with publication date: June 20, 2017.

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