Were Analysts Bearish Lindsay Corporation (NYSE:LNN) This Week?

July 26, 2017 - By Louis Casey

 Were Analysts Bearish Lindsay Corporation (NYSE:LNN) This Week?
Investors sentiment increased to 1.48 in Q4 2016. Its up 0.51, from 0.97 in 2016Q3. It improved, as 10 investors sold Lindsay Corporation shares while 42 reduced holdings. 24 funds opened positions while 53 raised stakes. 10.83 million shares or 6.38% less from 11.57 million shares in 2016Q3 were reported.
Weik Investment Ser Incorporated invested in 0.13% or 3,000 shares. Voya Invest Management Limited Com reported 375,797 shares stake. Metropolitan Life Ins Co New York holds 0% of its portfolio in Lindsay Corporation (NYSE:LNN) for 7,073 shares. Capstone Asset Mgmt Co holds 0.01% or 2,708 shares in its portfolio. Pinebridge Investments L P holds 10,600 shares or 0.02% of its portfolio. Blackrock holds 0% or 51,803 shares. Blackrock stated it has 17,675 shares. Corecommodity reported 13,378 shares. Pub Employees Retirement Association Of Colorado holds 0% or 3,484 shares. Nj State Employees Deferred Compensation Plan invested 0.04% in Lindsay Corporation (NYSE:LNN). Thrivent Fincl For Lutherans stated it has 158,100 shares. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in Lindsay Corporation (NYSE:LNN). Dimensional Fund Advsr L P reported 292,639 shares. Teachers Retirement Systems Of The State Of Kentucky reported 4,600 shares. Northern Trust Corp accumulated 139,559 shares or 0% of the stock.

Since April 3, 2017, it had 0 buys, and 2 sales for $3.88 million activity. $436,632 worth of stock was sold by Downing David B on Monday, April 3. PAROD RICK also sold $3.44M worth of Lindsay Corporation (NYSE:LNN) on Wednesday, April 5.

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. $72.20’s average target is -21.14% below currents $91.56 stock price. Lindsay had 12 analyst reports since August 31, 2015 according to SRatingsIntel. Monness Crespi & Hardt maintained Lindsay Corporation (NYSE:LNN) rating on Monday, September 14. Monness Crespi & Hardt has “Sell” rating and $62 target. The stock has “Neutral” rating by Seaport Global on Tuesday, May 24. Stifel Nicolaus upgraded the stock to “Hold” rating in Thursday, December 1 report. The stock of Lindsay Corporation (NYSE:LNN) earned “Sell” rating by Stifel Nicolaus on Friday, October 14. The firm has “Buy” rating given on Monday, August 31 by Zacks. The company was maintained on Thursday, December 24 by Piper Jaffray. The stock has “Hold” rating by Stifel Nicolaus on Friday, July 7. Piper Jaffray upgraded Lindsay Corporation (NYSE:LNN) on Monday, November 28 to “Neutral” rating. The rating was downgraded by Stifel Nicolaus to “Sell” on Thursday, June 2. The firm earned “Neutral” rating on Monday, November 28 by PiperJaffray. Below is a list of Lindsay Corporation (NYSE:LNN) latest ratings and price target changes.

07/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $76.0000 Maintain
29/06/2017 Broker: Boenning & Scattergood Rating: Hold

The stock decreased 1.24% or $1.15 during the last trading session, reaching $91.56. About shares traded. Lindsay Corporation (NYSE:LNN) has risen 25.75% since July 26, 2016 and is uptrending. It has outperformed by 9.05% the S&P500.

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure services and products. The company has market cap of $978.11 million. The Firm operates through two divisions: Irrigation Segment and Infrastructure Segment. It has a 39.65 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.

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 Reports Fiscal 2017 Third Quarter Results” published on June 29, 2017, Reuters.com published: “BRIEF-Lindsay Corp reports Q3 earnings per share $1.02” on June 29, 2017. More interesting news about Lindsay Corporation (NYSE:LNN) were released by: Nasdaq.com and their article: “Lindsay Corporation Reports 14% Increase In Q3 Profit” published on June 29, 2017 as well as Nasdaq.com‘s news article titled: “Lindsay Corporation (LNN): Strong Industry, Solid Earnings Estimate Revisions” with publication date: July 06, 2017.

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