De Lisle Partners LLP Takes Position in The Andersons, Inc. $ANDE

De Lisle Partners LLP purchased a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 49,269 shares of the basic materials company’s stock, valued at approximately $3,371,000. De Lisle Partners LLP owned 0.14% of Andersons as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ANDE. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Andersons in the 4th quarter valued at approximately $5,273,000. Teacher Retirement System of Texas raised its stake in shares of Andersons by 25.6% during the 4th quarter. Teacher Retirement System of Texas now owns 165,999 shares of the basic materials company’s stock worth $8,826,000 after buying an additional 33,873 shares in the last quarter. OP Asset Management Ltd acquired a new stake in shares of Andersons in the 1st quarter valued at approximately $12,228,000. UBS Group AG lifted its holdings in shares of Andersons by 34.9% in the 4th quarter. UBS Group AG now owns 72,808 shares of the basic materials company’s stock valued at $3,871,000 after buying an additional 18,828 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in shares of Andersons in the fourth quarter valued at approximately $9,027,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ANDE shares. Benchmark reiterated a “buy” rating on shares of Andersons in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Andersons in a research report on Tuesday, August 4th. Texas Capital raised shares of Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. BMO Capital Markets increased their price target on shares of Andersons from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Andersons from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, Andersons currently has an average rating of “Buy” and a consensus price target of $95.00.

Insider Transactions at Andersons

In related news, Director Patrick E. Bowe sold 3,534 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $80.53, for a total value of $284,593.02. Following the sale, the director owned 74,875 shares of the company’s stock, valued at approximately $6,029,683.75. This represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Andersons Price Performance

Shares of NASDAQ ANDE opened at $68.06 on Friday. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 13.14 and a beta of 0.66. The Andersons, Inc. has a 52 week low of $37.69 and a 52 week high of $82.11. The company’s 50-day moving average price is $70.80 and its 200 day moving average price is $70.59. The company has a current ratio of 1.51, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42.

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

Andersons Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, October 1st. Andersons’s payout ratio is currently 15.44%.

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.