The Andersons, Inc. $ANDE Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,588 shares of the basic materials company’s stock after buying an additional 16,692 shares during the quarter. Rhumbline Advisers owned approximately 0.34% of Andersons worth $4,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after acquiring an additional 2,137 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Andersons by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after purchasing an additional 866 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in Andersons during the second quarter worth approximately $340,000. Teacher Retirement System of Texas grew its holdings in Andersons by 4.9% in the second quarter. Teacher Retirement System of Texas now owns 141,792 shares of the basic materials company’s stock valued at $5,211,000 after purchasing an additional 6,652 shares during the period. Finally, Jennison Associates LLC purchased a new stake in shares of Andersons in the second quarter valued at approximately $356,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Trading Up 0.1%

Shares of ANDE stock opened at $64.58 on Wednesday. The Andersons, Inc. has a twelve month low of $31.03 and a twelve month high of $70.06. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 23.06 and a beta of 0.77. The company’s 50-day moving average price is $59.69 and its 200-day moving average price is $50.00. The company has a current ratio of 1.41, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43.

Andersons (NASDAQ:ANDE) last posted its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.48. Andersons had a net margin of 0.87% and a return on equity of 7.76%. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the business posted $1.31 EPS. Andersons’s revenue was down 18.8% on a year-over-year basis. As a group, equities analysts predict that The Andersons, Inc. will post 3.11 earnings per share for the current year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Andersons’s dividend payout ratio (DPR) is currently 28.57%.

Insiders Place Their Bets

In other Andersons news, Director John T. Stout, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director owned 25,941 shares of the company’s stock, valued at $1,426,755. The trade was a 16.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Andersons from a “hold” rating to a “buy” rating in a research note on Saturday. Benchmark restated a “buy” rating on shares of Andersons in a research report on Wednesday, February 18th. BMO Capital Markets boosted their price target on Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

Andersons 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.