Capstone Investment Advisors LLC Purchases Shares of 15,487 The Andersons, Inc. $ANDE

Capstone Investment Advisors LLC acquired a new position in shares of The Andersons, Inc. (NASDAQ:ANDE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,487 shares of the basic materials company’s stock, valued at approximately $1,059,000.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE acquired a new position in shares of Andersons in the 2nd quarter worth approximately $11,774,000. Freestone Grove Partners LP acquired a new stake in Andersons during the 2nd quarter valued at $529,000. Man Group plc acquired a new position in Andersons in the second quarter worth $15,490,000. Jupiter Topco LLC bought a new stake in shares of Andersons during the second quarter worth $54,610,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Andersons during the second quarter worth $3,452,000. Institutional investors own 87.06% of the company’s stock.

Andersons Trading Down 2.3%

Shares of ANDE opened at $63.73 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. The Andersons, Inc. has a 12-month low of $37.69 and a 12-month high of $82.11. The firm has a market capitalization of $2.17 billion, a PE ratio of 12.30 and a beta of 0.66. The stock’s fifty day simple moving average is $70.43 and its 200-day simple moving average is $70.63.

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

Andersons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Andersons’s payout ratio is currently 15.44%.

Wall Street Analyst Weigh In

ANDE has been the subject of a number of research analyst reports. Wall Street Zen raised Andersons from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. UBS Group set a $90.00 price objective on shares of Andersons in a research report on Wednesday, May 20th. Texas Capital raised shares of Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. Benchmark reiterated a “buy” rating on shares of Andersons in a research report on Monday, June 15th. Finally, 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 research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, Andersons has an average rating of “Buy” and an average target price of $95.00.

Insider Buying and Selling at Andersons

In related news, Director Patrick E. Bowe sold 3,534 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $80.53, for a total value of $284,593.02. Following the transaction, the director directly owned 74,875 shares in the company, valued at $6,029,683.75. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is currently owned by company insiders.

About Andersons

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.