Neuberger Berman Amends Lindsay Corp Stake, Signals Confidence

TL;DR

**Neuberger Berman still holds Lindsay Corp shares, signaling institutional confidence.**

AI Summary

Neuberger Berman Group LLC, a Delaware-based investment adviser, filed an amended Schedule 13G/A on February 13, 2024, indicating their ownership in Lindsay Corp (NYSE: LNN) as of December 31, 2023. This filing updates their previous disclosures, confirming their continued significant, but passive, stake in the farm machinery and equipment company. This matters to investors because Neuberger Berman is a large institutional investor, and their continued holding signals confidence in Lindsay Corp's long-term prospects, potentially influencing other investors.

Why It Matters

This filing shows a major institutional investor, Neuberger Berman, maintains a significant position in Lindsay Corp, which can be seen as a vote of confidence in the company's future performance.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.

Analyst Insight

Investors should note that a major institutional investor continues to hold a position in Lindsay Corp, which could be interpreted as a positive signal, but this filing alone doesn't suggest immediate buying or selling action.

Key Players & Entities

• Neuberger Berman Group LLC (company) — the reporting person and institutional investor
• Lindsay Corp (company) — the subject company, a farm machinery & equipment manufacturer
• December 31, 2023 (date) — the date of the event requiring this filing
• February 13, 2024 (date) — the filing date of the SC 13G/A
• Delaware (company) — state of incorporation for Neuberger Berman Group LLC

Forward-Looking Statements

• Neuberger Berman Group LLC will maintain a significant, passive stake in Lindsay Corp for the foreseeable future. (Neuberger Berman Group LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• formsc13ga-02132024_090247.htm (SC 13G/A) — 82KB
• 0001415889-24-003537.txt ( ) — 83KB

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Neuberger Berman Group LLC and its affiliates may be deemed to be beneficial owners of securities for purposes of Exchange Act Rule 13d-3 because they or certain affiliated persons have shared power to retain, dispose of or vote the securities of unrelated clients. Neuberger Berman Group LLC or its affiliated persons do not, however, have any economic interest in the securities of those clients. The clients have the sole right to receive and the power to direct the receipt of dividends from or proceeds from the sale of such securities. Other than named in this filing, no one client has an interest of more than 5% of the issuer. With regard to the shares set forth under item 4(c)(ii), Neuberger Berman Group LLC may be deemed to be the beneficial owner for purposes of Rule 13d-3 because certain affiliated persons have shared power to retain, dispose of and vote the securities. In addition to the holdings of individual advisory clients, Neuberger Berman Investment Advisers LLC serves as investment manager of Neuberger Berman Group LLC's various registered mutual funds which hold such shares. The holdings belonging to clients of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC are also aggregated to comprise the holdings referenced herein. In addition to the shares set forth under Item 4(c)(ii) for which Neuberger entities also have shared power to dispose of the shares, item 4(c)(iv) also includes shares from individual client accounts over which Neuberger Berman Investment Advisers LLC has shared power to dispose but does not have voting power over these shares. The holdings of Neuberger Berman Trust Co N.A., Neuberger Berman Trust Co of Delaware N.A., Neuberger Berman Asia Ltd., Neuberger Berman Canada ULC and Neuberger Berman Investment Advisers LLC, are also aggre

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. N/A

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 Neuberger Berman Group LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 13, 2024 Neuberger Berman Investment Advisers LLC By: /s/ Brad Cetron Name: Brad Cetron Title: Managing Director Date: February 13, 2024 Neuberger Berman Equity Funds By: /s/ Brian Kerrane Name: Brian Kerrane Title: Chief Operating Officer Date: February 13, 2024 Neuberger Berman Genesis Fund By: /s/ Brian Kerrane Name: Brian Kerrane Title: Chief Operating Officer

View Full Filing

View this SC 13G/A filing on SEC EDGAR