28,402 Shares in The Andersons, Inc. $ANDE Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in The Andersons, Inc. (NASDAQ:ANDE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,402 shares of the basic materials company’s stock, valued at approximately $1,943,000. Quantbot Technologies LP owned approximately 0.08% of Andersons at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Uniplan Investment Counsel Inc. acquired a new position in shares of Andersons during the fourth quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Andersons in the second quarter valued at about $38,000. Larson Financial Group LLC increased its stake in Andersons by 33,600.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,011 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,008 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Andersons by 95.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 400 shares during the period. Finally, State of Wyoming bought a new position in Andersons during the fourth quarter valued at about $70,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Insider Buying and Selling

In other Andersons news, Director Patrick E. Bowe sold 3,534 shares of Andersons stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total transaction of $284,593.02. Following the completion of the sale, the director directly owned 74,875 shares of the company’s stock, valued at $6,029,683.75. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by company insiders.

Andersons Trading Down 3.4%

Shares of ANDE opened at $65.76 on Tuesday. The Andersons, Inc. has a 1-year low of $37.69 and a 1-year high of $82.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.51 and a quick ratio of 0.81. The company has a 50-day moving average of $70.72 and a 200 day moving average of $70.65. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.69 and a beta of 0.66.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, August 3rd. The basic materials company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.67. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.28 billion. Andersons had a net margin of 1.62% and a return on equity of 16.23%. Andersons’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS.

Andersons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 1st. Andersons’s dividend payout ratio (DPR) is currently 15.44%.

Analyst Ratings Changes

A number of research firms recently issued reports on ANDE. Wall Street Zen upgraded Andersons from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. The Goldman Sachs Group lowered shares of Andersons to a “buy” rating in a research report on Thursday, June 18th. BMO Capital Markets raised their price target on shares of Andersons from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Texas Capital raised shares of Andersons to a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings raised Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $95.00.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.