Tudor Investment Corp ET AL Purchases 92,110 Shares of The Andersons, Inc. $ANDE

Tudor Investment Corp ET AL increased its position in shares of The Andersons, Inc. (NASDAQ:ANDE) by 149.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 153,572 shares of the basic materials company’s stock after acquiring an additional 92,110 shares during the period. Tudor Investment Corp ET AL owned approximately 0.45% of Andersons worth $6,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Andersons by 162.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 438,219 shares of the basic materials company’s stock worth $17,445,000 after buying an additional 271,451 shares during the last quarter. Algert Global LLC purchased a new position in Andersons during the third quarter valued at approximately $8,201,000. Qube Research & Technologies Ltd lifted its holdings in Andersons by 262.8% during the second quarter. Qube Research & Technologies Ltd now owns 273,377 shares of the basic materials company’s stock valued at $10,047,000 after purchasing an additional 198,029 shares in the last quarter. Walnut Level Capital LLC purchased a new position in Andersons during the second quarter valued at approximately $6,989,000. Finally, Two Sigma Investments LP lifted its holdings in Andersons by 105.9% during the third quarter. Two Sigma Investments LP now owns 277,257 shares of the basic materials company’s stock valued at $11,038,000 after purchasing an additional 142,578 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Insider Activity at Andersons

In other news, Director Patrick E. Bowe sold 15,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $74.33, for a total value of $1,114,950.00. Following the transaction, the director owned 129,875 shares of the company’s stock, valued at approximately $9,653,608.75. The trade was a 10.35% decrease in their ownership of the stock. 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. Also, VP Anne G. Rex sold 2,624 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $65.16, for a total transaction of $170,979.84. Following the completion of the sale, the vice president owned 23,829 shares in the company, valued at $1,552,697.64. This represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,299 shares of company stock worth $3,166,721 over the last ninety days. 4.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on ANDE shares. Benchmark reaffirmed a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. BMO Capital Markets lifted their price target on shares of Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Wall Street Zen downgraded shares of Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Andersons in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $68.33.

Andersons Price Performance

ANDE stock opened at $73.03 on Wednesday. The Andersons, Inc. has a one year low of $31.03 and a one year high of $75.02. The company’s fifty day moving average price is $67.75 and its 200-day moving average price is $56.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.41. The company has a market capitalization of $2.49 billion, a PE ratio of 26.08 and a beta of 0.68.

Andersons (NASDAQ:ANDE) last released its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.31 earnings per share. The company’s quarterly revenue was down 18.8% compared to the same quarter last year. On average, equities analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Andersons’s payout ratio is 28.57%.

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.