Comerica Bank Boosts Holdings in The Andersons, Inc. (NASDAQ:ANDE)

Comerica Bank lifted its stake in The Andersons, Inc. (NASDAQ:ANDE) by 203.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,609 shares of the basic materials company’s stock after purchasing an additional 23,865 shares during the period. Comerica Bank owned 0.10% of Andersons worth $1,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. KBC Group NV lifted its position in Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 643 shares during the period. EverSource Wealth Advisors LLC lifted its position in Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 412 shares during the period. Walleye Capital LLC purchased a new position in Andersons during the 4th quarter valued at about $213,000. Arete Wealth Advisors LLC lifted its position in Andersons by 9.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock valued at $272,000 after acquiring an additional 579 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Andersons during the 4th quarter valued at about $280,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Andersons

In other news, VP Weston Heide sold 800 shares of Andersons stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $48.00, for a total value of $38,400.00. Following the completion of the sale, the vice president now directly owns 16,104 shares in the company, valued at $772,992. The trade was a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ANDE shares. BMO Capital Markets started coverage on shares of Andersons in a research report on Tuesday, May 6th. They set a “market perform” rating and a $45.00 price target for the company. Stephens reissued an “overweight” rating and set a $55.00 price target on shares of Andersons in a research report on Wednesday, February 19th. Lake Street Capital lowered their price target on shares of Andersons from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday. Finally, StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th.

Andersons Stock Up 0.7%

Shares of Andersons stock opened at $34.65 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 1.65. The stock has a market capitalization of $1.18 billion, a PE ratio of 10.44 and a beta of 0.73. The Andersons, Inc. has a 52-week low of $31.03 and a 52-week high of $55.52. The company has a 50-day simple moving average of $39.67 and a two-hundred day simple moving average of $42.45.

Andersons (NASDAQ:ANDE) last issued its earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.20. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Andersons had a net margin of 1.01% and a return on equity of 7.59%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. On average, analysts anticipate that The Andersons, Inc. will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 1st were paid a $0.195 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.25%. Andersons’s dividend payout ratio is presently 24.61%.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.