The Andersons, Inc. $ANDE Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC reduced its stake in The Andersons, Inc. (NASDAQ:ANDE) by 2.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 314,010 shares of the basic materials company’s stock after selling 9,076 shares during the period. Venture Visionary Partners LLC’s holdings in Andersons were worth $16,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Andersons by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock valued at $124,910,000 after purchasing an additional 17,278 shares during the period. Rubric Capital Management LP acquired a new stake in Andersons during the fourth quarter worth about $53,469,000. Geode Capital Management LLC raised its stake in Andersons by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock worth $43,757,000 after purchasing an additional 3,259 shares during the period. Victory Capital Management Inc. raised its stake in Andersons by 354.7% during the fourth quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock worth $38,868,000 after purchasing an additional 570,245 shares during the period. Finally, Invesco Ltd. boosted its holdings in Andersons by 1.8% in the 3rd quarter. Invesco Ltd. now owns 509,820 shares of the basic materials company’s stock valued at $20,296,000 after purchasing an additional 9,245 shares during the last quarter. 87.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ANDE. UBS Group set a $90.00 price target on shares of Andersons in a research note on Wednesday, May 20th. Wall Street Zen upgraded Andersons from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Benchmark increased their price objective on Andersons from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets lifted their target price on Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Andersons Price Performance

Andersons stock opened at $71.85 on Monday. The company’s 50 day simple moving average is $72.94 and its 200-day simple moving average is $65.09. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.62 and a current ratio of 1.37. The Andersons, Inc. has a 1 year low of $31.84 and a 1 year high of $82.11. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 19.11 and a beta of 0.64.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.42. Andersons had a net margin of 1.17% and a return on equity of 10.68%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the company posted $0.12 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Patrick E. Bowe sold 19,100 shares of Andersons stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $78.31, for a total value of $1,495,721.00. Following the completion of the sale, the director directly owned 94,875 shares of the company’s stock, valued at approximately $7,429,661.25. The trade was a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John T. Stout, Jr. sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $70.30, for a total value of $175,750.00. Following the completion of the sale, the director owned 23,441 shares in the company, valued at $1,647,902.30. This represents a 9.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,966 shares of company stock worth $5,329,417 over the last 90 days. 4.30% of the stock is owned by insiders.

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.