Segall Bryant & Hamill LLC Makes New $1.43 Million Investment in The Andersons, Inc. $ANDE

Segall Bryant & Hamill LLC bought a new stake in The Andersons, Inc. (NASDAQ:ANDE) during the third quarter, Holdings Channel reports. The institutional investor bought 35,825 shares of the basic materials company’s stock, valued at approximately $1,426,000.

Several other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC increased its position 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 valued at $1,748,000 after purchasing an additional 2,137 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 buying an additional 866 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Andersons in the 2nd quarter worth about $1,723,000. ProShare Advisors LLC grew its position in Andersons by 3.1% during the second quarter. ProShare Advisors LLC now owns 177,089 shares of the basic materials company’s stock valued at $6,508,000 after buying an additional 5,268 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Andersons by 0.6% during the second quarter. Geode Capital Management LLC now owns 799,891 shares of the basic materials company’s stock worth $29,400,000 after buying an additional 4,495 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Up 0.8%

Shares of NASDAQ ANDE opened at $64.05 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.17 billion, a P/E ratio of 22.88 and a beta of 0.74. The Andersons, Inc. has a 52 week low of $31.03 and a 52 week high of $70.06. The business has a 50-day simple moving average of $61.41 and a two-hundred day simple moving average of $51.30.

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

Andersons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be paid a $0.20 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.80 annualized dividend and a yield of 1.2%. Andersons’s dividend payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

ANDE has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a research report on Wednesday, January 21st. BMO Capital Markets raised their price target on shares of Andersons from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Benchmark reiterated a “buy” rating on shares of Andersons in a research note on Wednesday, February 18th. Finally, Wall Street Zen raised Andersons from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Insider Buying and Selling at Andersons

In other news, Director John T. Stout, Jr. sold 12,500 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $51.77, for a total value of $647,125.00. Following the transaction, the director owned 33,441 shares of the company’s stock, valued at approximately $1,731,240.57. This represents a 27.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Anne G. Rex sold 2,624 shares of Andersons stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $65.16, for a total transaction of $170,979.84. Following the sale, the vice president owned 23,829 shares of the company’s stock, valued at approximately $1,552,697.64. The trade was a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 20,324 shares of company stock valued at $1,107,105. Insiders own 4.30% of the company’s stock.

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.