Vulcan Value Partners Llc Decreased Lindsay Corp (NYSE:LNN) Stake By $25.03 Million

May 23, 2018 - By Mona Holcomb

Investors sentiment decreased to 1.2 in Q4 2017. Its down 0.12, from 1.32 in 2017Q3. It dived, as 10 investors sold LNN shares while 45 reduced holdings. 18 funds opened positions while 48 raised stakes. 9.71 million shares or 2.35% less from 9.95 million shares in 2017Q3 were reported. Nj State Employees Deferred Compensation Plan holds 0.05% or 3,000 shares. Moreover, Van Eck Assocs Corp has 0% invested in Lindsay Corporation (NYSE:LNN) for 1,478 shares. Nelson Van Denburg Campbell Wealth Group Inc Ltd Llc invested in 0% or 93 shares. State Teachers Retirement holds 0.01% or 34,491 shares in its portfolio. Arizona State Retirement Sys, a Arizona-based fund reported 17,867 shares. Us Comml Bank De has invested 0% in Lindsay Corporation (NYSE:LNN). Great West Life Assurance Comm Can accumulated 13,518 shares. Kbc Gp Nv holds 0.05% or 67,297 shares. Citigroup Inc holds 0% or 2,541 shares. Peak6 Invs L P reported 2,153 shares. Schwab Charles Inv Incorporated holds 0.01% or 83,139 shares. Voya Inv Mgmt Ltd Liability holds 0.07% or 373,359 shares. Fenimore Asset Mngmt invested in 88,385 shares. Timber Creek Capital Management Limited Liability Corp owns 0.79% invested in Lindsay Corporation (NYSE:LNN) for 14,430 shares. Jane Street Group reported 0% stake.

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

Vulcan Value Partners Llc decreased its stake in Lindsay Corp (NYSE:LNN) by 81.6% based on its latest 2018Q1 regulatory filing with the SEC. Vulcan Value Partners Llc sold 275,013 shares as the company’s stock rose 2.11% while stock markets declined. The institutional investor held 62,012 shares of the industrial machinery and components company at the end of 2018Q1, valued at $5.67M, down from 337,025 at the end of the previous reported quarter. Vulcan Value Partners Llc who had been investing in Lindsay Corp for a number of months, seems to be less bullish one the $1.05B market cap company. The stock decreased 1.64% or $1.62 during the last trading session, reaching $97.17. About 55,516 shares traded. Lindsay Corporation (NYSE:LNN) has risen 11.31% since May 23, 2017 and is uptrending. It has underperformed by 0.24% the S&P500.

Vulcan Value Partners Llc is a Alabama-based institutional investor with more than $6.07 billion AUM in September, 2014. Taken from Vulcan Value Partners latest Adv, the fund reported to have 26 full and part-time employees. Among which 9 performing investment advisory and research functions. The institutional investor had more than 400 clients.

Lindsay Corporation (NYSE:LNN) Ratings Coverage

Among 4 analysts covering Lindsay Corp (NYSE:LNN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Lindsay Corp had 6 analyst reports since December 10, 2017 according to SRatingsIntel. The company was upgraded on Thursday, March 29 by Boenning & Scattergood. The firm has “Hold” rating given on Sunday, April 1 by Stifel Nicolaus. The company was maintained on Sunday, December 10 by Stifel Nicolaus. The company was maintained on Monday, April 2 by Seaport Global. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, December 21 report. The stock of Lindsay Corporation (NYSE:LNN) earned “Hold” rating by Piper Jaffray on Monday, February 5.

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 $1.05 billion. 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 46.83 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) Institutional Positions Chart

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