Edgestream Partners L.P. trimmed its stake in The Andersons, Inc. (NASDAQ:ANDE – Free Report) by 68.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,191 shares of the basic materials company’s stock after selling 84,181 shares during the quarter. Edgestream Partners L.P.’s holdings in Andersons were worth $2,741,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of ANDE. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Andersons in the 4th quarter valued at $5,273,000. Tudor Investment Corp ET AL grew its stake in shares of Andersons by 149.9% during the 3rd quarter. Tudor Investment Corp ET AL now owns 153,572 shares of the basic materials company’s stock valued at $6,114,000 after buying an additional 92,110 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Andersons by 25.6% during the 4th quarter. Teacher Retirement System of Texas now owns 165,999 shares of the basic materials company’s stock worth $8,826,000 after buying an additional 33,873 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Andersons in the 4th quarter worth $9,027,000. Finally, OP Asset Management Ltd purchased a new position in shares of Andersons in the 1st quarter worth $12,228,000. Institutional investors and hedge funds own 87.06% of the company’s stock.
Andersons Price Performance
Shares of NASDAQ ANDE opened at $70.78 on Friday. The Andersons, Inc. has a 1-year low of $31.84 and a 1-year high of $82.11. The business has a 50-day moving average of $72.17 and a 200-day moving average of $69.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.62. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 18.82 and a beta of 0.65.
Andersons Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Andersons’s dividend payout ratio (DPR) is currently 21.28%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Wall Street Zen raised Andersons from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Texas Capital upgraded Andersons to a “strong-buy” rating in a report on Thursday, June 18th. UBS Group set a $90.00 price objective on Andersons in a research note on Wednesday, May 20th. Benchmark reiterated a “buy” rating on shares of Andersons in a report on Monday, June 15th. Finally, Weiss Ratings raised shares of Andersons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $85.00.
View Our Latest Report on ANDE
Insider Activity at Andersons
In other news, Director Patrick E. Bowe sold 16,466 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were 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 directly owned 78,409 shares in the company, valued at approximately $6,332,310.84. This represents a 17.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Andersons
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Want to see what other hedge funds are holding ANDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Andersons, Inc. (NASDAQ:ANDE – Free Report).
Receive News & Ratings for Andersons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andersons and related companies with MarketBeat.com's FREE daily email newsletter.
