Barings LLC Takes Position in The Andersons, Inc. $ANDE

Barings LLC purchased a new stake in shares of The Andersons, Inc. (NASDAQ:ANDE) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,095 shares of the basic materials company’s stock, valued at approximately $1,873,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. bought a new position in Andersons in the fourth quarter worth $25,000. Optima Capital LLC bought a new stake in shares of Andersons during the 4th quarter valued at $32,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Andersons by 95.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 820 shares of the basic materials company’s stock valued at $44,000 after buying an additional 400 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Andersons by 34.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 962 shares of the basic materials company’s stock worth $51,000 after buying an additional 246 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of 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 worth $40,000 after buying an additional 1,008 shares during the period. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Andersons news, Director Patrick E. Bowe sold 16,466 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $80.76, for a total value of $1,329,794.16. Following the completion of the transaction, the director owned 78,409 shares of the company’s stock, valued at approximately $6,332,310.84. The trade was a 17.36% decrease in their position. The sale 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. In the last ninety days, insiders sold 51,466 shares of company stock valued at $4,038,717. 4.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group set a $90.00 price target on shares of Andersons in a research report on Wednesday, May 20th. Texas Capital upgraded shares of Andersons to a “strong-buy” rating in a report on Thursday, June 18th. Benchmark reissued a “buy” rating on shares of Andersons in a research report on Monday, June 15th. The Goldman Sachs Group lowered Andersons to a “buy” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings upgraded Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $85.00.

Andersons Stock Performance

ANDE stock opened at $76.20 on Friday. The stock’s 50 day simple moving average is $71.16 and its 200 day simple moving average is $68.11. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. The Andersons, Inc. has a 12-month low of $31.84 and a 12-month high of $82.11. The stock has a market capitalization of $2.59 billion, a PE ratio of 20.27 and a beta of 0.65.

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

Andersons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) is presently 21.28%.

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.