Inspire Investing LLC boosted its holdings in shares of The Andersons, Inc. (NASDAQ:ANDE – Free Report) by 256.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,455 shares of the basic materials company’s stock after purchasing an additional 29,099 shares during the quarter. Inspire Investing LLC’s holdings in Andersons were worth $2,904,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Andersons by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,349,243 shares of the basic materials company’s stock worth $124,910,000 after buying an additional 17,278 shares during the last quarter. Rubric Capital Management LP bought a new stake in shares of Andersons in the fourth quarter valued at approximately $53,469,000. Geode Capital Management LLC grew its stake in shares of Andersons by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 822,812 shares of the basic materials company’s stock worth $43,757,000 after acquiring an additional 3,259 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Andersons by 354.7% in the fourth quarter. Victory Capital Management Inc. now owns 731,019 shares of the basic materials company’s stock worth $38,868,000 after acquiring an additional 570,245 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd bought a new position in Andersons during the fourth quarter worth $38,746,000. 87.06% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently commented on ANDE. Texas Capital upgraded shares of Andersons to a “strong-buy” rating in a research note on Thursday, June 18th. Benchmark restated a “buy” rating on shares of Andersons in a research report on Monday, June 15th. The Goldman Sachs Group downgraded shares of Andersons to a “buy” rating in a report on Thursday, June 18th. UBS Group set a $90.00 price objective on shares of Andersons in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $85.00.
Andersons Stock Performance
ANDE opened at $68.78 on Tuesday. The stock’s 50 day simple moving average is $72.28 and its 200-day simple moving average is $66.58. The company has a current ratio of 1.37, a quick ratio of 0.62 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.34 billion, a PE ratio of 18.29 and a beta of 0.64. The Andersons, Inc. has a 1 year low of $31.84 and a 1 year high of $82.11.
Andersons (NASDAQ:ANDE – Get Free Report) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.70 by $0.42. Andersons had a return on equity of 10.68% and a net margin of 1.17%.The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $0.12 earnings per share. Andersons’s quarterly revenue was down 1.2% compared to the same quarter last year.
Andersons Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, July 1st. Andersons’s dividend payout ratio (DPR) is presently 21.28%.
Insider Activity at Andersons
In other news, Director Patrick E. Bowe sold 19,100 shares of Andersons stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $78.31, for a total transaction of $1,495,721.00. Following the sale, the director directly owned 94,875 shares in the company, valued at approximately $7,429,661.25. The trade was a 16.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 66,466 shares of company stock worth $5,153,667. 4.30% of the stock is currently owned by company insiders.
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.
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